NextPlat Expands Portfolio with Outfitter Satellite Acquisition

NextPlat (NXPL) has provided an announcement.

NextPlat Corp has agreed to acquire Outfitter Satellite, Inc. for $760,000, with the deal seeing $660,000 paid upfront and the remainder upon receipt of Outfitter’s audited financials. The transaction, set to close around April 1, 2024, is part of the company’s expansion strategy. NextPlat made the acquisition public through a press release the day following the agreement, signaling confidence and transparency in their growth endeavors.

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