Fundz

Mind Technology Secures Financing

PUBLIC · MINDFeb 07, 2023

Round Type

Funding Round

The WoodlandsManufacturingSecurity

Description

MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND) announced today that it has entered into a $3.75 million secured financing arrangement. The agreement, which is secured by certain real estate assets, has a one-year term with extensions available under certain conditions. Interest is payable monthly at 12.9%, with the interest prepaid from the loan proceeds

Quick answer

MIND Technology raised an undisclosed amount in a Funding Round round, dated February 7, 2023. MIND Technology is based in The Woodlands, Texas, United States.

How much did MIND Technology raise?
MIND Technology raised an undisclosed amount in a Funding Round round on February 7, 2023.
What does MIND Technology do?
MIND Technology, Inc. provides technology to the oceanographic, hydrographic, defense, seismic and security industries.
Where is MIND Technology based and how big is it?
MIND Technology is based in The Woodlands, Texas, United States.

Source: Fundz verified event record.

Who else raised in Security and Manufacturing around the same time

Companies in the same sectors as MIND Technology that raised within 45 days of this round, from Fundz verified event records.

  • Fortem Technologies raised $18M (Funding Round) on February 21, 2023.
  • SKYX Platforms raised $8.1M on February 6, 2023.
  • Osi Systems raised an undisclosed amount (Funding Round) on January 17, 2023.
  • NextFoods raised $5M on March 24, 2023.
  • Britive raised $21M on March 23, 2023.
  • Cognito Therapeutics raised $73M (Series B) on March 23, 2023.

Who to call at MIND Technology, and when

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Company Information

Company

MIND Technology

Location

The Woodlands, Texas, United States

About

MIND Technology, Inc. provides technology to the oceanographic, hydrographic, defense, seismic and security industries. Headquartered in Huntsville, Texas, MIND Technology has a global presence with operating locations in the United States, Canada, Australia, Singapore, Russia, Hungary, Colombia and the United Kingdom. MIND Technology's worldwide Marine Technology Products segment, which includes its Seamap and Klein Marine Systems units, designs, manufactures and sells specialized, high performance, marine sonar and seismic equipment. Seamap’s products include the industry-leading GunLink seismic source acquisition and control systems, SeaLink acoustic sensor and towed streamer systems, and BuoyLink RGPS tracking systems. Klein is widely recognized as the world’s leading supplier of side scan sonar equipment. Through its Equipment Leasing segment, MIND Technology believes it is the largest independent provider of exploration equipment to the seismic industry.

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MIND Technology raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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