---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-001488"
form_type: "8-K"
ticker: "LIND"
cik: "0001512499"
company_name: "LINDBLAD EXPEDITIONS HOLDINGS, INC."
filed_at: "2026-01-20T23:59:59+00:00"
generated_at: "2026-05-16T09:31:54.576100+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Lindblad Expeditions to convert all 62,000 preferred shares into ~9M common shares on Feb 3, 2026

## Summary
- Mandatory conversion triggered by VWAP > $14.25 for 20 of 30 trading days, met Jan 16.
- All 62,000 shares of 6.0% Series A Convertible Preferred to convert into ~9.0M common shares.
- Post-conversion common shares outstanding: ~64.4M; no preferred stock remains.
- CFO Rick Goldberg says conversion simplifies capital structure and strengthens balance sheet.
- Conversion effective Feb 3, 2026; preferred dividends will cease.

## SEC filing metadata
- accession: 0001437749-26-001488
- form_type: 8-K
- ticker: LIND
- cik: 0001512499
- company_name: LINDBLAD EXPEDITIONS HOLDINGS, INC.
- filed_at: 2026-01-20T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1512499/000143774926001488/0001437749-26-001488-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1512499/000143774926001488/lindb20260116_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-001488
- JSON: https://secwatch.observer/filing/0001437749-26-001488.json
- Plain text: https://secwatch.observer/filing/0001437749-26-001488.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.