MIND Technology Adjourns Virtual Special Meeting of Preferred Stockholders
THE WOODLANDS, Texas, June 13, 2024 /PRNewswire/ — MIND Technology, Inc. (“MIND” or the “Company”) (Nasdaq: MIND; MINDP) convened its virtual special meeting of holders of its 9% Series A Cumulative Preferred Stock (the “preferred stock”) on June 13, 2024. Preferred stockholders approved a proposal to adjourn the special meeting to give the Company’s management additional time to solicit additional proxies to approve an amendment to the Certificate of Designations, Preferences and Rights of the Preferred Stock (the “Preferred Stock Proposal”). If the Preferred Stock Proposal is approved, the proposed amendment provides that each share of preferred stock may be converted into 3.9 shares of common stock, $0.01 par value per share (the “common stock”) at the sole discretion of the Company’s Board of Directors at any time prior to July 31, 2024. The virtual special meeting will be reconvened on Thursday, June 27, 2024 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time).