MIND Technology Announces New Date For Virtual Special Meeting of Preferred Stockholders and Revised Proposal
THE WOODLANDS, Texas, May 8, 2024 /PRNewswire/ — MIND Technology, Inc. (“MIND” or the “Company”) (Nasdaq: MIND) (Nasdaq: MINDP) announced today that the previously announced virtual special meeting of holders of its 9% Series A Cumulative Preferred Stock (the “preferred stock”) to approve an amendment to the Certificate of Designations, Preferences and Rights of the Preferred Stock has been rescheduled for June 13, 2024. Additionally, the proposed amendment has been revised such that each share of preferred stock would be converted into 3.9 shares of common stock, $0.01 par value per share (the “common stock”), rather than the 2.7 shares initially proposed, at the sole discretion of the Company’s Board of Directors at any time prior to July 31, 2024 (the “revised proposal”). A new record date has also been established.