MIND Technology Proposes Preferred to Common Stock Exchange

The latest announcement is out from MIND Technology (MIND).

MIND Technology, Inc. has announced a significant proposal that could transform their 9.00% Series A Cumulative Preferred Stock into common stock at a rate of 2.7 common shares for each preferred share. This strategic move, subject to board approval and a proxy solicitation to shareholders, could be executed before the end of July 2024. Investors and market watchers should note that this information, alongside a new corporate presentation, is forward-looking and may not materialize as expected due to various risks and uncertainties.

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