Monitor trading volume and price action for ATM sales execution. The company's history of losses and reliance on equity financing suggests continued dilution risk. Watch for quarterly updates on shares sold under the ATM and any changes to the company's cash runway.
Price Chart
Executive Summary
NextPlat Corp filed a 424B5 prospectus supplement for an at-the-market (ATM) offering of up to $3,738,706 of common stock through H.C. Wainwright & Co., with a 3.0% commission. The offering follows a recent 1-for-10 reverse stock split and Nasdaq bid price compliance regained on April 27, 2026. The company has a history of net losses ($10.5M in FY2025) and an accumulated deficit of $60.1M. The ATM creates ongoing dilution risk and signals potential cash needs, though the amount is modest relative to the company's market cap.
Key Facts
- ATM offering of up to $3,738,706 of common stock via H.C. Wainwright & Co., with a 3.0% commission
- Net proceeds estimated at ~$3.63M after commissions and ~$60K expenses, assuming full sale at $7.15/share
- Public float of $11.2M; offering limited to 1/3 of public float under I.B.6 of Form S-3
- Recent 1-for-10 reverse stock split effective April 13, 2026; Nasdaq bid price compliance regained April 27, 2026
- Net losses of $10.5M (FY2025) and $22.5M (FY2024); accumulated deficit of $60.1M as of Dec 31, 2025
- 885,945 warrants (weighted avg exercise $28.89) and 244,538 options (weighted avg exercise $31.02) outstanding
- Dilution of $0.75/share to new investors at assumed $7.15 offering price
Financial Impact
Up to $3,738,706 gross proceeds from ATM offering; net proceeds ~$3.63M after 3% commission and ~$60K expenses
Risk Factors
- Ongoing dilution from ATM sales at market prices
- History of net losses and accumulated deficit may require further capital raises
- Low public float ($11.2M) amplifies price impact of any selling
- Potential Nasdaq delisting risk if bid price falls below $1 again
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 424B5 Filing (Primary) | 0001437749-26-016746 |
| Document: 0001437749-26-016746-index-headers.html | 0001437749-26-016746 |
| Document: 0001437749-26-016746-index.html | 0001437749-26-016746 |
| Document: 0001437749-26-016746.txt | 0001437749-26-016746 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 5, 2026 20w ago | EFFECT | $0.0447 | awaiting T+20 | — | — |
May 14, 2026 23w ago | 8-K | $0.0447 $0.0447 | · 0.00% | ▼ −0.86% | — |
May 13, 2026 23w ago | 424B5 | $0.0447 $0.0447 | · 0.00% | ▼ −0.86% | — |
May 6, 2026 24w ago | S-3 | $0.0447 $0.0447 | · 0.00% | ▼ −3.14% | — |
Apr 6, 2026 29w ago | 8-K | $0.0447 $0.0447 | · 0.00% | ▼ −8.98% | — |
Mar 31, 2026 29w ago | 8-K | $0.0447 $0.0447 | · 0.00% | ▼ −9.72% | — |
US Market Status
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