QUANTUMONLINE.COM SECURITY DESCRIPTION:  MIND Technology, Inc. fomerly, Mitcham Industries, 9.00% Series A Cumulative Preferred Stock, liquidation preference $25 per share, redeemable at the issuer's option on or after 6/8/2021 at $25 per share plus accrued and unpaid dividends, and with no stated maturity. Cumulative distributions of 9.00% ($2.25) per annum or $0.5625 per quarter) are paid quarterly on 1/31, 4/30, 7/31 & 10/31 to holders of record on the record date that will be 1/15, 4/15, 7/15 & 10/15 respectively (NOTE: the ex-dividend date is one business day prior to the record date). Dividends paid by this preferred security are eligible for the preferential income tax rate of 15% to a maximum of 20% depending on the holder's tax bracket (and under IRS specified holding restrictions) and are also eligible for the dividends received deduction for corporate holders (see page 15 of the prospectus for further information). Upon the occurrence of a change of control the company will have the option within 120 days to redeem the preferred shares at $25 per share plus accrued and unpaid dividends. Upon the occurrence of a change of control, and the company has NOT provided notice that they intend to redeem the preferred shares, the holder will have the right to convert the preferred shares into common shares under certain circumstances (see the prospectus for details). This security was not rated by Moody’s and by S&P at the date of its IPO. In regard to the payment of dividends and upon liquidation, the preferred shares rank junior to the company's senior debt, equally with other preferreds of the company, and senior to the common shares of the company. See the IPO prospectus for further information on the preferred stock by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NGS Chart	9.00% $2.25	$25.00 $25.00	6/08/2021 None	NF NF 4/23/2023	Suspended! 1/31, 4/30, 7/31 & 10/31 Click for MW ExDiv Date Click for Yahoo ExDiv Date	YES

Notes:  August 29, 2024 – MIND Technology, Inc. (“MIND” or the “Company”) (Nasdaq: MIND; MINDP) reconvened its virtual special meeting (the “Special Meeting”) of holders of its 9% Series A Cumulative Preferred Stock (the “Preferred Stock”) today at 9:00 a.m., Central Time. The Special Meeting was held to approve an amendment to the Certificate of Designations, Preferences and Rights of the Preferred Stock, which provides that each share of Preferred Stock may be converted into 3.9 shares of the Company’s common stock, $0.01 par value per share, at the sole discretion of the Company’s Board of Directors (the “Preferred Stock Proposal”). At the reconvened meeting, the votes in favor of the Preferred Stock Proposal represented more than two-thirds of the outstanding shares of Preferred Stock and therefore the proposal was approved. Oct. 13, 2023 - MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND) announced today that on October 12, 2023, the Company filed with the Secretary of State of the State of Delaware a Certificate of Amendment to its amended and restated certificate of incorporation (the "Charter Amendment") to effect the previously announced reverse stock split of the Company's issued and outstanding shares of common stock, $0.01 par value per share, at a ratio of one-for-ten (the "Reverse Stock Split"). The Charter Amendment will become effective at 5:00 p.m. Eastern Time on October 13, 2023. The Company's common stock will begin trading on Nasdaq on a reverse split-adjusted basis when the market opens on October 16, 2023 under the existing ticker symbol "MIND". The new CUSIP number for the common stock following the Reverse Stock Split will be 602566309. The par value per share of the common stock will remain unchanged at $0.01 August 07, 2020 -- Mitcham Industries, Inc., a Texas corporation (the “Predecessor Registrant”), merged with and into its wholly owned subsidiary, MIND Technology, Inc., a Delaware corporation (the “Company”), on August 3, 2020, pursuant to an Agreement and Plan of Merger, dated as of August 3, 2020 (the “Reincorporation Merger Agreement”), with the Company continuing as the surviving corporation (the “Reincorporation Merger”). On August 3, 2020, the effective time of the Reincorporation Merger (the “Effective Time”), the Company was renamed “MIND Technology, Inc.” and succeeded to the assets, continued the business and assumed the rights and obligations of the Predecessor Registrant existing immediately prior to the Effective Time.

Company's Online Information Links

HOME PAGE:     https://mind-technology.com/
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Company's Online SEC EDGAR Filings

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Company's Email Address Links

Inv Rel Email Address	mind@dennardlascar.com
General Email Address	rob.capps@mitchamindustries.com
Email Contact Form on Website	Go to Email Form

Address and Phone Numbers

Address:   2002 Timberloch Place, Suite 400, The Woodlands, TX 77380
Main Phone Number	936-291-2277
Fax Number	Not Available
Investor Relations   Ken Dennard, Lascar Associates	713-529-6600

CEO - Robert P. Capps

CEO - Guy Malden

CFO - Mark Cox