NextPlat shares surge 11.44% intraday after subsidiary Global Telesat secures $820,000 contract with UK government to deploy satellite IoT terminals for NATO military clients.

NextPlat surged 11.44% intraday, as its subsidiary Global Telesat secured an $820,000 contract from the UK government to deploy satellite IoT terminals and hardware for NATO military clients, enabling voice, data, and asset management capabilities. The company offers satellite communication products, including IoT devices and GPS emergency beacons, for military and commercial use, supporting reliable global communication and asset tracking.