LINDBLAD EXPEDITIONS HOLDINGS, INC. TO REPORT 2025 THIRD QUARTER FINANCIAL RESULTS ON NOVEMBER 4, 2025
Upcoming Financial Results: Lindblad Expeditions Holdings, Inc. will report its third quarter financial results for 2025 on November 4, 2025, before the market opens, followed by a conference call at 9:00 am ET.
Accessing the Conference Call: The conference call can be accessed via phone, and a live audio webcast will be available on the company's investor relations website, with a replay and transcript provided within 48 hours.
Company Overview: Lindblad Expeditions is a leader in global expedition travel, offering immersive experiences across all seven continents through various brands, including a partnership with National Geographic.
Commitment to Exploration: The company emphasizes responsible exploration and aims to connect travelers with inspiring natural and cultural landscapes, fostering appreciation for the planet.
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Lindblad Expeditions Converts 62,000 Preferred Shares into 9 Million Common Shares
- Mandatory Conversion: Lindblad Expeditions has exercised its right to convert 62,000 shares of its 6.0% Series A convertible preferred stock into approximately 9 million common shares, effective February 3, marking a significant shift in the company's capital structure.
- Trigger Conditions Met: The conversion right was triggered on January 16 after the common shares traded above $14.25 for 20 out of 30 consecutive trading days, indicating strong stock performance and investor confidence.
- Change in Common Shares: Following the conversion, Lindblad expects to have about 64.4 million common shares outstanding with no preferred stock remaining, which will simplify the capital structure and enhance liquidity.
- Positive Market Reaction: Following the announcement of the conversion, Lindblad's stock price rose 0.55% in pre-market trading to $16.14, reflecting investor optimism regarding the company's future prospects.

Lindblad Expeditions Executes Mandatory Conversion of Preferred Stock, Issuing 9 Million Common Shares
- Mandatory Conversion Announcement: Lindblad Expeditions announced on January 16, 2026, the mandatory conversion of its 6.0% preferred stock, converting 62,000 shares into approximately 9 million common shares, which simplifies its capital structure and enhances financial flexibility.
- Stock Price Trigger: The conversion was triggered by the company's common stock price exceeding $14.25 for at least 20 out of 30 trading days, indicating strong market performance and investor confidence in the company's stock.
- Equity Structure Change: Following the conversion, Lindblad will have approximately 64.4 million shares of common stock outstanding, eliminating preferred shares, which is expected to boost investor confidence and optimize capital allocation.
- Support for Long-term Strategy: The CFO stated that this conversion provides greater flexibility in capital allocation to support the company's long-term growth strategy, further solidifying its leadership position in the global expedition travel market.






