#United States #The Woodlands #stock buyback #MIND Technology #ATM Program

MIND Technology Implements Stock Buyback and ATM Program

MIND Technology, Inc., a key player in the oceanographic, hydrographic, defense, seismic, and security industries, has recently made exciting moves in the financial markets by introducing an at-the-market (ATM) program and a stock buyback plan. This strategic decision, made on August 28, 2025, showcases the company's commitment to maximizing shareholder value while preparing for future market opportunities.

What's on Offer?

The ATM program is poised to allow MIND Technology to sell up to $25 million in common stock over time. This approach gives the company a flexible capital raising option based on market conditions and company needs. The ability to issue shares strategically makes it easier to capitalize on favorable market circumstances without significantly diluting existing shareholders' stakes.

The Board of Directors has also authorized the repurchase of up to $4 million of MIND's common stock, valid until August 31, 2027. This buyback initiative indicates the company's confidence in its own stock value and serves as a proactive measure should investment opportunities arise.

Rob Capps, President and CEO of MIND Technology, emphasized the importance of these strategic moves. He stated, “We have taken these preparatory steps so that we can act quickly and efficiently should circumstances or market conditions warrant. These actions are consistent with our stated strategy to explore all ways to enhance stockholder value.”

A Strategic Response to Market Conditions

Both initiatives allow MIND Technology to pursue immediate capital needs while also maintaining the flexibility to invest in its own stock when warranted by market conditions. The company aims to leverage these programs to optimize its growth trajectory amid fluctuating market dynamics. The ATM program is intended for use when non-dilutive funding aligns with the company's growth objectives, while the stock buyback program is seen as a viable investment of capital when the company believes its stock is undervalued.

About MIND Technology

Headquartered in The Woodlands, Texas, MIND Technology designs, manufactures, and sells high-performance marine exploration and survey equipment through its Seamap unit. With strategic operations in the United States, Singapore, Malaysia, and the United Kingdom, the company maintains a global presence. MIND Technology’s dedication to innovation and reliability makes it a formidable player in its industry, providing leading-edge solutions that facilitate various marine and defense projects.

Future Outlook

Although the stock buyback and ATM program signal confidence in MIND Technology's operational health, the company also acknowledges potential risks that could affect future outcomes. These could include reductions in customer capital budgets, changes in the availability of capital, and commodity price fluctuations in sectors like oil and natural gas. The management underscores the importance of market awareness in navigating their strategic decisions for future growth.

To summarize, MIND Technology is positioning itself strategically to adapt to changing market conditions while reinforcing its commitment to delivering shareholder value. These measures reflect a proactive approach, ensuring that the company remains agile and responsive to both opportunities and challenges in the financial landscape.