MIND Technology Announces Trade Credit Facility
MIND Technology, Inc. (MIND)
Last mind technology, inc. earnings: 6/7 04:15 pm
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Source: PR Newswire
THE WOODLANDS, Texas, March 17, 2026 /PRNewswire/ -- MIND Technology, Inc. ("MIND" or the "Company") (Nasdaq: MIND) announced today that its Seamap unit has entered into a trade finance facility with The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch ("HSBC Singapore") for the issuance from time to time of letters of credit or bank guarantees.Rob Capps, President and CEO of MIND, "We are pleased to continue our long-standing relationship with HSBC Singapore. While there is no current utilization of this new facility, it does provide us with flexibility for future projects. From time to time we encounter project proposals, particularly from governmental organizations, that have certain bonding requirements. This new facility will allow us to respond efficiently and more economically to these potential projects."About MIND TechnologyMIND Technology, Inc. provides technology to the oceanographic, hydrographic, defense, seismic and security industries. Headquarte
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- MIND Technology unit secures trade finance facility with HSBC Singapore [Seeking Alpha]Seeking Alpha
- MIND Technology (NASDAQ:MIND) investors are sitting on a loss of 68% if they invested five years ago [Yahoo! Finance]Yahoo! Finance
- MIND Technology (NASDAQ:MIND) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat