MIND Technology seeks preferred stock conversion amendment; special meeting June 13, 2024

MIND TECHNOLOGY, INC

Special meeting of preferred stockholders on June 13, 2024 to vote on amendment to Certificate of Designations.
Proposal allows each preferred share to be convertible into 3.9 common shares at Board's discretion before July 31, 2024.
Two-thirds (66 2/3%) affirmative vote of outstanding preferred shares required for approval.
CEO states conversion would reduce dividend overhang, improve financial flexibility, and simplify capital structure.
Common stockholders are not entitled to vote; Alliance Advisors engaged to solicit votes.

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