NextPlat (NASDAQ: NXPL, NXPLW), a global e-commerce provider, is joining the Russell Microcap(R) Index, effective today. The company announced that it will be included following the conclusion of the 2023 Russell indexes annual reconstitution. According to the announcement, Russell Microcap Index membership is in effective for one year and consists of automatic inclusion in the appropriate growth and value style indexes. The announcement observed that objective, market-capitalization rankings as well as style attributes are primarily used by FTSE Russell to determine membership of index members. “NextPlat’s inclusion in the Russell Microcap Index is important recognition of the value of our global e-commerce platform and technology expertise,” said NextPlat CEO and executive chair Charles M. Fernandez in the press release. “Through the continued execution against our growth plan, we are expanding NextPlat into large, exciting new global markets and product categories later this year including into China and the rapidly growing healthcare sector. We believe these actions, combined with additional strategic investments we intend to make, can further unlock value for our customers, partners, and shareholders.”
To view the full press release, visit https://ibn.fm/ltBOG
About NextPlat Corp.
NextPlat is a global e-commerce platform company created to capitalize on multiple high-growth sectors and markets for physical and digital assets. The company intends to collaborate with businesses, optimizing the ability to sell their goods online, domestically and internationally, and enabling customers and partners to optimize their e-commerce presence and revenue. NextPlat currently operates an e-commerce communications services division through its Global Telesat Communications Ltd. and Orbital Satcom Corp. business units, which offer voice, data, tracking and IoT services to customers worldwide through multiple global storefronts. For more information about the company, please visit www.NextPlat.com.
NOTE TO INVESTORS: The latest news and updates relating to NXPL are available in the company’s newsroom at https://ibn.fm/NXPL
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