NeurAxis Declares 510,605-Share Dividend for Series B at $2.38 Conversion
NeurAxis’s board declared a stock dividend on its Series B Preferred Stock, granting holders common shares based on accrued dividends from original issue date through April 21, 2026 at $2.38 per share. Approximately 510,605 common shares will be issued on April 28, 2026, with fractional shares paid in cash.
1. Dividend Declaration
On April 10, 2026, NeurAxis’s board of directors declared a dividend on its Series B Preferred Stock, setting the record date at the close of business on April 21, 2026 and the payment date on April 28, 2026.
2. Dividend Calculation
Holders of record on April 21 will receive common shares equal to their accrued and unpaid dividends from original issuance through the record date divided by $2.38 per share.
3. Issuance and Impact
A total of approximately 510,605 common shares are expected to be issued; fractional share entitlements will be settled in cash at $2.38 per fraction, increasing the outstanding common share count and causing modest dilution.