Miami, Fla., Feb. 15, 2022– Change is one of the most important elements in achieving success. Taking inspiration from this simple but conventional truth, global e-commerce firm Orbsat Corp has decided to update its corporate name to NextPlat Corp.
The firm released a formal statement to announce the name change would be effective starting January 21, 2022. The new identity will provide a fresh and modern rebranding opportunity for the company; but most importantly, it’s intended to reflect its firm commitment to innovation and improvement.
In preparation for the next stage of its development, NextPlat is readying itself to go beyond its existing worldwide network of online storefronts, which serves thousands of consumers and enterprises, as well as governments across various continents. NextPlat’s aim will be to create a next-generation platform for digital assets that are designed for the Web3 era.
The firm also intends to utilize this updated platform to pioneer the use of a variety of digital assets, including non-fungible tokens (NFTs) in e-commerce and community building.
During the announcement, the company’s chairman and president, Charles M. Fernandez, formally outlined its future plans.
“Today is an exciting day for the NextPlat team as we formally enter a new phase of our plan to build the next great e-commerce company,” said Fernandez. “Supported by recent funding rounds raising gross proceeds in excess of $21 million, and guided by a clear business strategy and vision, we are embracing the future of e-commerce and committed to serving as a growth platform for companies of all kinds.”
He added, “Looking ahead, we see a tremendous opportunity to expand the reach of our existing global platforms through the introduction and launch of new capabilities, joint ventures, and acquisitions that will enable customers to capitalize on the value of their physical and digital assets, reaching new markets around the world.”
NextPlat’s main objective is to improve the e-commerce industry, but it is also dedicated to enhancing its existing services. The program’s goal is to work with more firms in order to enhance their selling capacity online, domestically, and internationally. Customers and partners will be able to optimize their e-commerce presence and revenue as a result of this.
It will also maintain the operations of its subsidiary businesses that provide voice, data, tracking, and IoT services to clients in 195 countries through a number of international storefronts.
The company has established a strong reputation for providing excellent services to its clients. With this cutting-edge blueprint designed for the next era of the internet, there’s no doubt that the firm will raise the bar of the e-commerce industry to new heights.
Some important things to note are that with the corporate name change, the company’s common stock will now be traded under the new ticker symbol “NXPL” and will retain the current CUSIP of 68557F209. In addition, the company’s warrants will begin trading under the new ticker symbol “NXPLW” and will retain the current CUSIP of 68557F118. All these updates have taken effect starting January 21.
At the same time, the corporate name change does not affect the ongoing operations of the brand’s Global Telesat Communications Ltd and Orbital Satcom Corp business units nor the rights of the company’s stockholders.
