secwatch.observer — SEC 8-K summary
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Issuer:     Vistance Networks, Inc. (VISN)
CIK:        0001517228
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0000950170-24-031542
Event type: dividend
Sentiment:  neutral
Materiality: 0.25
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

CommScope declares PIK dividend of ~15,978 Series A Preferred shares to Carlyle
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- Board declared dividend-in-kind of 15,978 Series A Preferred shares plus $668.75 cash for fractional shares, payable March 31, 2024.
- Dividend exempt from registration under Securities Act Section 4(a)(2); issued to accredited investor Carlyle.
- Series A Preferred originally issued April 2019 for $1B; total PIK shares issued to date 162,085.
- No cash dividend; shares added to outstanding preferred stock count.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517228/000095017024031542/0000950170-24-031542-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517228/000095017024031542/comm-20240312.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-031542

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