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0 0.00774611398963731 -0.0155440414507772 -0.0621761658031089 -0.0310880829015544 -0.0129533678756477 -0.0103626943005181 -0.0090673575129534
Stock impact report

MIND Technology Announces Approval of Preferred Stock Proposal

MIND Technology, Inc. (MIND) 
Last mind technology, inc. earnings: 6/7 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: mind.client.shareholder.com
Company Research Source: PR Newswire
THE WOODLANDS, Texas, Aug. 29, 2024 /PRNewswire/ -- MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND; MINDP) reconvened its virtual special meeting (the "Special Meeting") of holders of its 9% Series A Cumulative Preferred Stock (the "Preferred Stock") today at 9:00 a.m., Central Time.  The Special Meeting was held to approve an amendment to the Certificate of Designations, Preferences and Rights of the Preferred Stock, which provides that each share of Preferred Stock may be converted into 3.9 shares of the Company's common stock, $0.01 par value per share, at the sole discretion of the Company's Board of Directors (the "Preferred Stock Proposal").  At the reconvened meeting, the votes in favor of the Preferred Stock Proposal represented more than two-thirds of the outstanding shares of Preferred Stock and therefore the proposal was approved.With the passage of the Preferred Stock Proposal, the Company's Board of Directors may effect the conversion of the Preferred Stock Show less Read more
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