Remark Holdings Uses Regulation A to Offer $75 Million of Cumulative Redeemable Perpetual Preferred Stock Paying 15% Dividend
As many as 750,000 Preferred Stock Shares Will be Sold at $100.00 Each, with 30% of Sales Proceeds being Segregated to Secure Payment of Two Years of DividendsLAS VEGAS, NV / ACCESSWIRE / November 18, 2024 / Remark Holdings, Inc. (OTCQX:MARK), a leading provider of artificial intelligence computer vision solutions, today is launching a $75 million offering of its Series B 15% Cumulative Redeemable Perpetual Preferred Stock. The Series B preferred stock pays a dividend of 15% per annum on a quarterly basis, with 30% of the proceeds of each sale of the Series B preferred stock being segregated to secure payment of the first two years of the dividend. The company is utilizing the offering proce
