April 12 (Reuters) - NextPlat Corp ( NXPL ):

* NEXTPLAT ANNOUNCES PROPOSED BUSINESS COMBINATION WITH

PROGRESSIVE CARE INC.

* NEXTPLAT CORP ( NXPL ) - TRANSACTION EXPECTED TO PROVIDE REVENUE

SYNERGIES AND SIGNIFICANT INITIAL ANNUAL OPERATING COST

REDUCTIONS

* NEXTPLAT CORP ( NXPL ): UNDER TERMS OF AGREEMENT, A WHOLLY OWNED

SUBSIDIARY OF CO WILL MERGE WITH AND INTO PROGRESSIVE CARE

* NEXTPLAT CORP ( NXPL ): UNDER AGREEMENT, MERGER SUB WILL SURVIVE AS

A

WHOLLY OWNED SUBSIDIARY OF NEXTPLAT AND BE RENAMED PROGRESSIVE

CARE LLC

* NEXTPLAT CORP ( NXPL ): UPON CLOSING MERGER, PROGRESSIVE CARE

SHAREHOLDERS WILL RECEIVE NEWLY ISSUED, REGISTERED SHARES OF

NEXTPLAT'S COMMON STOCK

Source text for Eikon:

Further company coverage: