DividendApr 10, 2026, 07:02 AM
NeurAxis Declares Series B Preferred Stock Dividend, Issuing Approximately 510,605 Common Shares
AI Summary
NeurAxis, Inc. announced that its Board of Directors declared a stock dividend on its Series B Preferred Stock. Holders of record as of April 21, 2026, will receive shares of the Company's common stock, with the dividend payable on April 28, 2026. The number of common shares to be issued will be determined by dividing the accrued and unpaid dividends on the Series B Preferred Stock by $2.38 per share. This action is expected to result in the issuance of approximately 510,605 shares of common stock, fulfilling obligations to preferred shareholders.
Key Highlights
- NeurAxis's Board of Directors declared a stock dividend on its Series B Preferred Stock on April 10, 2026.
- The record date for the dividend is April 21, 2026, with payment scheduled for April 28, 2026.
- The dividend will be paid in common stock, with the number of shares determined by accrued and unpaid dividends divided by $2.38 per share.
- Approximately 510,605 shares of Common Stock are expected to be issued in connection with this dividend.
- Fractional shares will not be issued; instead, holders will receive cash at a rate of $2.38 per share for any fractional entitlement.
Price Impact
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