secwatch.observer — SEC 8-K summary
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Issuer:     Vistance Networks, Inc. (VISN)
CIK:        0001517228
Form:       8-K
Filed at:   2024-06-26T23:59:59+00:00
Accession:  0000950170-24-077898
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

CommScope declares PIK dividend of 16,198 Series A Preferred shares payable June 30, 2024
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- Board declared a dividend in kind of 16,198 Series A Preferred shares plus $366.25 cash in lieu of fractional shares.
- Dividend payable June 30, 2024 to holders of record as of June 25, 2024; exempt from registration under Securities Act Section 4(a)(2).
- Carlyle, the holder, represented as accredited investor; shares issued for investment purposes.
- This brings total PIK dividends issued since April 2019 to 194,261 shares on the original 1,000,000 Series A Preferred shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517228/000095017024077898/0000950170-24-077898-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517228/000095017024077898/comm-20240625.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-077898

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