Remark Holdings Uses Regulation A to Offer $75 Million of Cumulative Redeemable Perpetual Preferred Stock Paying 15% Dividend [Yahoo! Finance]
REMARK HOLDINGS INC (MARK)
Last remark holdings inc earnings: 11/12 04:05 pm
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US:NASDAQ Investor Relations:
ir.remarkholdings.com/investor-relations
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Source: Yahoo! Finance
LAS VEGAS, NV / ACCESSWIRE / November 18, 2024 / Remark Holdings, Inc. (OTCQX: MARK ), a leading provider of artificial intelligence computer vision solutions, today is launching a $75 million offering of its Series B 15% Cumulative Redeemable Perpetual Preferred Stock. The Series B preferred stock pays a dividend of 15% per annum on a quarterly basis, with 30% of the proceeds of each sale of the Series B preferred stock being segregated to secure payment of the first two years of the dividend. The company is utilizing the offering proceeds to fuel growth and restructure its balance sheet without diluting its common stock. Remark Holdings' CEO Kai-Shing Tao stated, "Our success in implementing our proprietary AI computer vision technology platform for clients in a variety of industries has put us in position to take advantage of the substantial growth opportunity presented by the more than 100 million legacy, non-AI-enabled cameras in the U.S. alone that can be converted to AI-driv
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News
- Remark Holdings Uses Regulation A to Offer $75 Million of Cumulative Redeemable Perpetual Preferred Stock Paying 15% DividendAccesswire
- Remark Holdings, Inc. (NASDAQ: MARK) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Remark Holdings, Inc. (NASDAQ: MARK) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Remark Holdings, Inc. (NASDAQ: MARK) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Remark Holdings, Inc. (NASDAQ: MARK) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
MARK
Sec Filings
- 11/15/24 - Form NT
- 11/13/24 - Form QUALIF
- 11/5/24 - Form 1-A/A
- MARK's page on the SEC website