Neuraxis declares Q2 stock dividend on Series B preferred
Neuraxis, Inc. reported that its Board of Directors authorized and the company declared a stock dividend on its Series B Preferred Stock for the second quarter of 2026.
Rhea-AI Filing Summary
Neuraxis, Inc. reported that its Board of Directors authorized and the company declared a stock dividend on its Series B Preferred Stock for the second quarter of 2026. This dividend will be paid in shares of Neuraxis common stock.
The number of common shares each Series B holder receives will equal that holder’s accrued and unpaid dividends from April 1, 2026 through the record date, divided by $2.38. A total of approximately 80,463 shares of common stock are expected to be issued. The dividend is payable on July 29, 2026 to Series B holders of record as of the close of business on July 21, 2026. No fractional shares will be issued; instead, any fractional entitlement will be settled in cash using the same $2.38 figure.
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Insights
Small common-share issuance to satisfy preferred stock dividend.
Neuraxis is paying the second-quarter dividend on its Series B Preferred Stock in common shares instead of cash, using a per-share conversion figure of $2.38. The company expects to issue about 80,463 common shares for this purpose.
This approach preserves cash while modestly increasing the common share count. The practical impact depends on the existing number of common shares outstanding, which determines how dilutive this issuance is for common shareholders. Preferred holders receive value tied to accrued and unpaid dividends through July 21, 2026.
8-K Event Classification
Key Figures
Key Terms
stock dividend financial
Series B Preferred Stock financial
record date financial
FAQ
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