NextPlat Corp (NasdaqCM:NXPL) agreed to acquire Outfitter Satellite, Inc. from James T. McKinley on March 25, 2024. The transaction is expected to close on April 1, 2024.

NextPlat Corp (NasdaqCM:NXPL) completed the acquisition of Outfitter Satellite, Inc. from James T. McKinley for $0.76 million on April 1, 2024. At the closing, $660,000.00 of the aggregate consideration was paid to James T. McKinley with the remaining $100,000.00 to be paid upon delivery of Outfitter?s audited financial statements for the 2022 and 2023 fiscal years.