Preferred Stock OfferingsBy Preferred Stock Channel Staff, updated Sun, December 5, 6:35 AM
|This Slide: #287 of 573|
Slide #287. Mitcham Industries, Inc. — Preferred Stock Offering
Mitcham Industries, Inc. (NASDAQ:MIND)
Date of Pricing:
Price Per Share:
Preferred Stock Offering Details:
Mitcham Industries, Inc. ("Mitcham" or the "Company") (Nasdaq: MIND) announced today that it has commenced an underwritten public offering of 600,000 shares of 9.00% Series A Cumulative Preferred Stock ("Series A Preferred Stock") at a price of $25.00 per share, pursuant to a registration statement on Form S-1 previously filed with the U.S. Securities and Exchange Commission (the "SEC"). In addition, Mitcham expects to grant the underwriter a 30-day option to purchase from it an additional 90,000 shares of Series A Preferred Stock.
MIND Technology provides technology to the oceanographic, hydrographic, defense, seismic and maritime security industries. Co. operates in one business segments, Marine Technology Products. Co.'s Marine Technology Products Segment includes Seamap Pte Ltd, Seamap USA, LLC, Seamap (Malaysia) Sdn Bhd and Seamap (UK) Ltd (collectively Seamap), which designs, manufactures and sells marine seismic equipment and Klein Marine Systems, Inc. (Klein), which designs, manufactures and sells side scan sonar and water-side security systems. Seamap also provides certain services related to its products, which include repair, engineering, training, field service operations and umbilical terminations.
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Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com