Progressive Care (RXMD) Form 3 Progressive Care / Rodney Barreto ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Barreto Rodney

(Last) (First) (Middle)

C/O NEXTPLAT CORP

3250 MARY ST., SUITE 410

(Street)

COCONUT GROVE FL 33133

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/08/2022

3. Issuer Name and Ticker or Trading Symbol
Progressive Care Inc. [ OTCQB:RXMD ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, par value $0.0001 per share	3,652,174	D
Common Stock, par value $0.0001 per share	9,130,435	I	By NextPlat Corp(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Convertible Note	09/08/2022	08/31/2027	Common Stock, par value $0.0001 per share	24,268,571	0.02	D
Convertible Note	09/08/2022	08/31/2027	Common Stock, par value $0.0001 per share	60,671,427	0.02	I	By NextPlat Corp(1)
Series B Convertible Preferred Stock	09/08/2022	08/31/2027	Common Stock, par value $0.0001 per share	300,000,000	0.02	I	By NextPlat Corp(1)
Series B Warrants	09/08/2022	08/31/2027	Common Stock, par value $0.0001 per share(2)	300,000,000	0.02	I	By NextPlat Corp(1)

Explanation of Responses:

1. This security is owned by NextPlat Corp. As a Director of NextPlat Corp, Mr. Barreto has voting or investment control over this security. For the avoidance of doubt, Mr. Barreto expressly disclaims ownership of the Issuer's securities owned by NextPlat.

2. The Series B Warrant first converts to 3,000 shares of Series B Preferred Stock which in turn converts to 300,000,000 shares of Issuer's Common Stock.

	/s/ Rodney Barreto	09/19/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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