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Slideshow Preferred Stock Offerings

By Ru Back Packer Staff, updated Thursday, February 1, 8:12 AM

Slide #123. 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

Mitcham Industries provides equipment to the geophysical, oceanographic, hydrographic and defense industries. Co. operates in two business segments: Equipment Manufacturing and Sales, which includes the Seamap (UK) Ltd., and Seamap Pte. Ltd., business, which designs, manufactures and sells specialized marine seismic equipment, Klein Marine Systems, Inc., which designs, manufactures and sells side scan sonar and water-side security systems and the equipment sales activities of its Australian subsidiary, Seismic Asia Pacific Pty Ltd.; and Equipment Leasing, which engaged in the leasing of seismic equipment to companies in the oil and gas industry and sells new and used seismic equipment.

Preferred: MINDP

Open the MIND Page at Ru Back Packer »

Name: Mitcham Industries Inc
Sector: Oil & Gas Equipment & Services
Number of ETFs Holding MIND: 2 (see which ones)
Total Market Value Held by ETFs: $117,618
Total Market Capitalization: $45,000,000
% of Market Cap. Held by ETFs: 0.26%

Open the MIND Page at Ru Back Packer (in a new window) »

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