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 dividends las 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.
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