Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Wed, September 28, 5:23 AM

Slide #294. Mitcham Industries, Inc. Preferred Stock Offering

Company: Mitcham Industries, Inc. (NASDAQ:MIND)
Date announced: 6/2/2016
Shares Offered: 320,000
Date of Pricing: 6/2/2016
Price Per Share: $25.00
Preferred Stock Offering Details: Mitcham Industries, Inc. ("Mitcham" or the "Company") (Nasdaq: MIND) announced today that it has priced an underwritten public offering of 320,000 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 has granted the underwriter a 30-day option to purchase from it an additional 48,000 shares of Series A Preferred Stock. Dividends on the Series A Preferred Stock will be payable from and including the date of original issue at a rate of 9.00% per annum of the $25.00 per share liquidation preference (equivalent to $2.25 per annum per share). The offering is expected to close on or about June 8, 2016, subject to customary closing conditions

MIND Technology provides technology to the oceanographic, hydrographic, defense, seismic and maritime security industries. Co.'s Marine Technology Products business includes Seamap Pte Ltd, MIND Maritime Acoustics, LLC, Seamap (Malaysia) Sdn Bhd and Seamap (UK) Ltd, collectively Seamap which designs, manufactures and sells marine seismic equipment and Klein Marine Systems, Inc., which designs, manufactures and sells side scan sonar and water-side security systems. Seamap's products include the GunLink seismic source acquisition and control systems, the BuoyLink RGPS tracking system, Digishot™ energy source controller, Sleeve Gun energy sources and the SeaLink towed seismic streamer system.

Preferred: MINDP

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MIND Technology Inc
Oil & Gas Equipment & Services
Number of ETFs Holding MIND: 
3 (see which ones)
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

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Preferred Stock Offerings - Slide 294 of 585 |

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