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Hold (2.00 out of 4)
100th percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Friday, April 19, 2:21 AM
Slide #40. MIND Technology, Inc. — Preferred Stock Offering
| Company: |
MIND Technology, Inc. (NASDAQ:MIND) |
| Date announced: |
11/8/2021 |
| Shares Offered: |
432,000 |
| Date of Pricing: |
11/9/2021 |
| Price Per Share: |
$24.25 |
| Preferred Stock Offering Details: |
MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND) announced today that it has commenced an underwritten public offering of 360,000 shares of 9.00% Series A Cumulative Preferred Stock ("Series A Preferred Stock"), pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission (the "SEC"). In addition, MIND expects to grant the underwriter a 30-day option to purchase from it an additional 54,000 shares of Series A Preferred Stock. -updated 11/9- MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND) announced today that it has priced an underwritten public offering of 432,000 shares of 9.00% Series A Cumulative Preferred Stock ("Series A Preferred Stock") at a price of $24.25 per share, pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission (the "SEC"). In addition, MIND has granted the underwriter a 30-day option to purchase from it an additional 64,800 shares of Series A Preferred Stock. Dividends on the Series A Preferred Stock will be payable from and including the date of original issue at a rate of 9.00% per annum of the $25.00 per share liquidation preference (equivalent to $2.25 per annum per share). The offering is expected to close on or about November 12, 2021, subject to customary closing conditions. |
MIND Technology provides technology to the oceanographic, hydrographic, defense, seismic and maritime security industries. Co.'s Seamap Marine Products business includes Seamap Pte Ltd, MIND Maritime Acoustics, LLC, Seamap (Malaysia) Sdn Bhd and Seamap (UK) Ltd (collectively Seamap), which designs, manufactures and sells marine seismic equipment. Co.'s Klein Marine Products business includes Klein Marine Systems, Inc., which designs, manufactures and sells side scan sonar and water-side security systems. Seamap's primary products include: the GunLink seismic source acquisition and control systems, the BuoyLink RGPS tracking system, and the SeaLink towed seismic streamer system. Preferred: MINDP
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