NextPlat Corp (NXPL) March 27, 2026 Annual General Meeting Transcript

Hello, I'm David Phipps, Chief Executive Officer of Next Flat Court, and I want to welcome you to the 2026 special meeting of stockholders of our company, where we're asking you, our shareholders, to approve an amendment to the company's amended and restated articles of incorporation to, at the discretion of the board of directors, affect one or more reverse stock splits with respect to our issued and outstanding common stock at any time prior to March 27, 28 at a ratio of 1 for 5 to 1 for 50, provided that the aggregate splits will not exceed 1 for 50, with the ratio within such range to be determined at the discretion of our board of directors or any of its delegated authorised persons. We appreciate your interest in our company and are pleased you are able to attend this meeting. I would like to introduce you to Amanda Ferrier, our Chief Financial Officer, and Robert Bedwell, our Chief Compliance Officer and Secretary, who are on the call today. At the outset, I wish to describe how we will start the meeting. First, there are some statements that must be made regarding notice of the meeting, the presence of a quorum and such. Then there are two matters to be voted on. There will be no time allotted for questions for shareholders. The meeting will be conducted in accordance with the agenda and the rules of conduct, which you can find on the virtual meeting portal. You can also find a link to the proxy statement on the portal. Robert Bedwell, the company's chief compliance officer and secretary, will act as secretary of the meeting and I will act as the chairman of the meeting. The secretary has available for inspection a list of the stockholders entitled to vote.

Mr. Secretary, please advise us concerning the mailing of the proxy statement and please recall report us to a quorum thank you david the notice of the special meeting the proxy statement and the proxy were made available by mail or electronic delivery to all stockholders of record on or about march 16 2026. jim ray a representative of american election services is participating virtually today he will act as the inspector of elections and will count and examine all votes. Mr. Rayet has signed an oath of inspector of election in which he is sworn faithfully to execute his duties as inspector with strict impartiality and to the best of his ability. The inspector of election is reported that there are represented in person or by proxy the holders of record of a majority in voting interest of the outstanding shares of common stock in a company eligible to vote, constituting a quorum for the transaction of business. If anybody is planning on voting during this meeting, please go to the following website, www.virtualshareholdermeeting.com forward slash NXPL2026SM and enter the same control number used to enter the meeting. The chairman will open the polls shortly in order to enable you to vote on each matter to be voted on at this meeting.

Thank you, Robert.

I declare that this 2026 special meeting of stockholders of next Black Court is duly and legally convened. The voting in all matters will be by stockholders present and by stockholders represented by proxy. According to the proxy statement nailed to stockholders, there are two matters to be voted on. One, the proposal to approve an amendment to the company's amended and restated articles of incorporation to, at the discretion of board of directors, affect one or more reverse stock splits with respect to our issued and outstanding common stock at any time prior to March 27, 27, 2028, and a ratio of 1 for 5 to 1 for 50, provided that the aggregate splits will not exceed 1 for 50, with the ratio within such range to be determined at the discretion of our board of directors or any of its delegated authorised persons, and two, the authorisation of the adjournment of the 2026 special meeting, if necessary, to solicit additional proxies if there are not sufficient votes in favour of Proposal 1. If there are any stockholders of record who still wish to vote during the meeting, please go to www.virtualshareholdermeeting.com forward slash NXPL2026SM and enter the same control number you used to enter the meeting. If you have already completed a proxy, There is no need to complete a ballot in order to vote the polls for each matter to be voted on this meeting I hereby declared open the polls will be open for 30 seconds Please do not leave the meeting while we give everyone a chance to vote over the next 30 seconds The lines will now go silent for the next 30 seconds all votes on our end. I declare the polls closed The inspector will take charge of the ballots cast tabulate the vote and submit a report in writing to the secretary We are now ready to receive the report of the inspector. Mr. Secretary, has the inspector submitted its report on the proposals?

Mr. Chairman, the inspector has submitted its preliminary report on the proposals. A majority of the holders present in person or represented by proxy and entitled to vote voted in favor of proposal one. Because there are sufficient votes to approve proposal one, the adjournment contemplated by Proposal 2 will not be necessary. The final results of the meeting will appear in a current report on Form F-8-K that the company will file within four business days from this meeting. You have heard the report of the inspector.

I hereby request the secretary to file the report as part of the proceedings of this meeting. In accordance with the report of the inspector, I declare that the inspector's report be accepted. The official business of this meeting is now concluded. I instruct the secretary to prepare the official minutes of this meeting. I declare that the 2026 special meeting of the stockholders of Max Blackcourt is hereby concluded. Thank you very much for attending today. We look forward to seeing you at our annual shareholder meeting later this year.