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confidence high
sentiment neutral
materiality 0.50
MIND Technology announces 1-for-10 reverse stock split and declares preferred dividend
MIND TECHNOLOGY, INC
- Reverse stock split at 1-for-10 ratio effective October 13, 2023; ticker remains MIND.
- Split intended to regain compliance with NASDAQ's $1.00 minimum bid price requirement.
- Board declares quarterly cash dividend on Series A Preferred Stock of $0.5625 per share.
- Dividend payable October 31, 2023 to shareholders of record as of October 15, 2023.