TIC Solutions (NYSE: TIC) issues 668,347-share common stock dividend
Rhea-AI Filing Summary
TIC Solutions, Inc. reported that its Board approved a stock dividend of 668,347 shares of common stock tied to its 1,000,000 shares of Series A preferred stock. The dividend is based on an annual formula that gives the holder 20% of the appreciation of the average market price of the common stock over the initial offering price of $10.00, multiplied by 121,476,215, as set in the company’s charter.
The first Annual Dividend Amount used a Dividend Price of $10.2829, calculated from the volume-weighted average share price over the last ten trading days of 2025. After this stock issuance on January 2, 2026, TIC Solutions had approximately 221,209,686 shares of common stock outstanding.
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FAQ
What stock dividend did TIC (TIC Solutions, Inc.) approve for its Series A preferred stock?
TIC Solutions approved a stock dividend of 668,347 shares of its common stock in respect of its 1,000,000 shares of Series A preferred stock currently outstanding.
How is the Annual Dividend Amount on TIC Solutions' Series A preferred stock calculated?
The holder is entitled to an Annual Dividend Amount equal to 20% of the appreciation, if any, of the average market price per share of common stock over the initial offering price of $10.00, multiplied by 121,476,215, the Preferred Share Dividend Equivalent set in the certificate of incorporation.
What Dividend Price did TIC Solutions use to calculate the first stock dividend?
The first Annual Dividend Amount used a Dividend Price of $10.2829, based on the volume-weighted average share price over the last ten trading days of 2025.
How many TIC Solutions common shares were outstanding after the stock dividend?
After issuing the 668,347 dividend shares on January 2, 2026, TIC Solutions had approximately 221,209,686 shares of common stock outstanding.
Will TIC Solutions’ future Series A preferred dividends use the same Dividend Price?
In subsequent years, the Annual Dividend Amount will be calculated based on the appreciated Dividend Price, if any, compared to the highest Dividend Price previously used in calculating the Annual Dividend Amount.
What is the initial offering price referenced in TIC Solutions’ Series A dividend formula?
The formula compares the average market price of TIC’s common stock to an initial offering price of $10.00 per share when determining the Annual Dividend Amount.