secwatch.observer — SEC 8-K summary
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Issuer:     LINDBLAD EXPEDITIONS HOLDINGS, INC. (LIND)
CIK:        0001512499
Form:       8-K
Filed at:   2026-01-20T23:59:59+00:00
Accession:  0001437749-26-001488
Event type: other_material
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1512499/000143774926001488/0001437749-26-001488-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1512499/000143774926001488/lindb20260116_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-001488

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer