Remark Holdings Uses Regulation A to Offer $75 Million of Cumulative Redeemable Perpetual Preferred Stock Paying 15% Dividend
Remark Holdings (OTCQX:MARK) announces a $75 million offering of Series B 15% Cumulative Redeemable Perpetual Preferred Stock. Each preferred share is priced at $100, with a 15% annual dividend paid quarterly. 30% of sales proceeds will be segregated to secure the first two years of dividend payments. The company plans to use the funds to fuel growth through partnerships with Microsoft, Nvidia, Oracle, and Intel, targeting the conversion of over 100 million legacy cameras to AI-driven systems in the U.S. The offering aims to strengthen the balance sheet without diluting common stock, potentially facilitating future uplisting to NASDAQ or NYSE.
Remark Holdings (OTCQX:MARK) annuncia un'offerta di $75 milioni di Azioni Preferenziali Cumulative Riscattabili Perpetue di Serie B al 15%. Ogni azione preferenziale è fissata a $100, con un dividendo annuale del 15% pagato trimestralmente. Il 30% del ricavato dalle vendite sarà riservato per garantire i primi due anni di pagamenti dei dividendi. L'azienda prevede di utilizzare i fondi per alimentare la crescita attraverso partnership con Microsoft, Nvidia, Oracle e Intel, puntando alla conversione di oltre 100 milioni di telecamere legacy in sistemi basati su IA negli Stati Uniti. L'offerta mira a rafforzare il bilancio senza diluire le azioni ordinarie, facilitando potenzialmente un futuro approdo al NASDAQ o NYSE.
Remark Holdings (OTCQX:MARK) anuncia una oferta de $75 millones de acciones preferentes perpetuas rescatables acumulativas de serie B con un 15%. Cada acción preferente tiene un precio de $100, con un dividendo anual del 15% pagado trimestralmente. El 30% de los ingresos por ventas se reservará para asegurar los primeros dos años de pagos de dividendos. La empresa planea utilizar los fondos para impulsar el crecimiento a través de asociaciones con Microsoft, Nvidia, Oracle e Intel, con el objetivo de convertir más de 100 millones de cámaras heredadas en sistemas impulsados por IA en EE. UU. La oferta busca fortalecer el balance sin diluir las acciones comunes, facilitando potencialmente un futuro ascenso a NASDAQ o NYSE.
Remark Holdings (OTCQX:MARK)는 $7500만 규모의 15% 누적 상환형 영구 우선주 Series B를 제공한다고 발표했습니다. 각 우선주는 $100에 가격이 책정되며, 연 15%의 배당금이 분기별로 지급됩니다. 판매 수익의 30%는 배당금 지급의 첫 두 년을 보장하기 위해 분리됩니다. 이 기업은 자금을 활용해 Microsoft, Nvidia, Oracle, Intel와의 파트너십을 통해 성장을 촉진할 계획이며, 미국 내 1억 대 이상의 레거시 카메라를 AI 기반 시스템으로 전환하는 것을 목표로 하고 있습니다. 이번 제공은 보통주를 희석하지 않으면서 재무 구조를 강화해, 향후 NASDAQ이나 NYSE로의 상장 전환을 용이하게 할 것으로 기대됩니다.
Remark Holdings (OTCQX:MARK) annonce une offre de 75 millions $ d'actions privilégiées perpétuelles remboursables cumulatifs de série B à 15%. Chaque action privilégiée est évaluée à 100 $, avec un dividende annuel de 15% versé trimestriellement. 30% des revenus de vente seront réservés pour garantir les deux premières années de paiements de dividendes. L’entreprise prévoit d’utiliser ces fonds pour stimuler la croissance à travers des partenariats avec Microsoft, Nvidia, Oracle et Intel, visant la conversion de plus de 100 millions de caméras héritées en systèmes alimentés par l'IA aux États-Unis. L'offre vise à renforcer le bilan sans diluer les actions ordinaires, facilitant potentiellement un futur passage au NASDAQ ou NYSE.
Remark Holdings (OTCQX:MARK) gibt ein Angebot über 75 Millionen $ für Serie B 15% kumulierbare, verwandelbare, unbefristete Vorzugsaktien bekannt. Jede Vorzugsaktie hat einen Preis von 100 $, mit einer jährlichen Dividende von 15%, die vierteljährlich gezahlt wird. 30% des Verkaufsumsatzes werden separiert, um die ersten zwei Jahre der Dividendenzahlungen abzusichern. Das Unternehmen plant, die Mittel zu nutzen, um Wachstum durch Partnerschaften mit Microsoft, Nvidia, Oracle und Intel zu fördern, wobei das Ziel darin besteht, über 100 Millionen Legacy-Kameras in den USA in KI-gesteuerte Systeme umzuwandeln. Das Angebot zielt darauf ab, die Bilanz zu stärken, ohne das Stammaktienkapital zu verwässern, was potenziell einen zukünftigen Wechsel an die NASDAQ oder NYSE erleichtern könnte.
- 15% annual dividend yield on preferred stock
- 30% of proceeds secured for first two years of dividend payments
- Strategic partnerships with major tech companies (Microsoft, Nvidia, Oracle, Intel)
- No dilution to common stockholders
- Potential uplisting to major exchange
- High 15% dividend rate indicates significant cost of capital
- Only two years of dividend payments secured
- Currently trading on OTCQX market indicates lower tier exchange status
As many as 750,000 Preferred Stock Shares Will be Sold at
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
Remark Holdings' CEO Kai-Shing Tao stated, "Our success in implementing our proprietary AI computer vision technology platform for clients in a variety of industries has put us in position to take advantage of the substantial growth opportunity presented by the more than 100 million legacy, non-AI-enabled cameras in the U.S. alone that can be converted to AI-driven cameras. This capital raise allows us to finance our expansion by capitalizing on our sales and marketing partnerships with Microsoft, Nvidia, Oracle, and Intel."
Key Highlights:
Offering Terms: Each preferred share is priced at
$100. T he company will segregate30% of the proceeds of each sale of the Series B preferred stock to secure payment of the first two years of the dividend.Use of Proceeds: Funds raised will be used towards fueling and supporting the growth stemming from sales and marketing partnerships with industry giants Microsoft, Nvidia, Oracle, and Intel as well as addressing the company's growing sales backlog, while strengthening the balance sheet.
Trading Information: The company intends to list the preferred shares on the OTCQX market.
Increased Shareholder Equity Leads to Future Stock Uplisting: The offering increases Remark's shareholders' equity without diluting common stock and is expected to satisfy the requirements for a future stock uplisting onto a national securities exchange such as NASDAQ or NYSE.
Future Outlook: Remark Holdings anticipates that its projected growth will enable the company's operations to sustain dividend payments after the first two years.
Investors interested in further details about the offering can access the Form 1-A/A related to the offering through the investor relations page of the company's website.
About Remark Holdings, Inc.
Remark Holdings, Inc. (OTCQX:MARK), a Microsoft Azure Marketplace Co-Selling partner and member of the Oracle Partner Network, is a U.S. company that developed and sells the AI-powered analytics platform that brings valuable insights to the video feeds provided by current cameras and computer vision solutions through its integrated suite of AI tools that help organizations understand their customer behavior and demographics while providing real-time alerts to predetermined inspection and security parameters. Remark's global team of sector-experienced professionals has created award-winning GDPR-compliant and CCPA-compliant video analytics solutions that service the government agencies, hospitality, public safety, retail, and transportation sectors. The company's headquarters are in Las Vegas, Nevada, USA, with operational offices in New York and international offices in London, England.For more information, please visit our home page at www.remarkholdings.com.
Forward-Looking Statements
This press release may contain forward-looking statements, including information relating to future events, future financial performance, strategies, expectations, competitive environment, and regulations. Words such as "may," "should," "could," "would," "predicts," "potential," "continue," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," and similar expressions, as well as statements in the future tense, identify forward-looking statements. These statements involve known and unknown risks, uncertainties, and other factors, including those discussed in Part I, Item 1A. Risk Factors in Remark Holdings' Annual Report on Form 10-K and Remark Holdings' other filings with the SEC. Any forward-looking statements reflect Remark Holdings' current views with respect to future events, are based on assumptions, and are subject to risks and uncertainties. Given such uncertainties, you should not place undue reliance on any forward-looking statements, which represent Remark Holdings' estimates and assumptions only as of the date hereof. Except as required by law, Remark Holdings undertakes no obligation to update or revise publicly any forward-looking statements after the date hereof, whether as a result of new information, future events or otherwise.
Company Contacts
Kai Tao
Chief Strategy Officer
Kai@remarkholdings.com
(702) 321-9550
SOURCE: Remark Holdings, Inc.
View the original press release on accesswire.com
FAQ
What is the dividend rate for Remark Holdings' (MARK) new preferred stock offering?
How much is Remark Holdings (MARK) raising in their preferred stock offering?
How are Remark Holdings' (MARK) preferred stock dividends secured?
What will Remark Holdings (MARK) use the preferred stock offering proceeds for?
