Schiff Counsels Orbsat Corp in $7.2M Public Offering & Initial Transition to NextPlat

Schiff Hardin LLP advised Orbsat Corp, a global e-commerce provider of IoT and connectivity solutions through next-generation satellite technology, on its public offering.

Orbsat received gross proceeds of approximately $7.2 million, which closed January 4, 2022.

The offering represents the initial step in transitioning Orbsat to NextPlat. NextPlat intends to be a next-generation global e-commerce platform company focused on additional revenue opportunities across multiple high-growth sectors including both tangible and digital assets.

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