Orchid Island Capital Increases Authorized Shares to 220 Million

Orchid Island Capital, Inc. filed an 8-K report with the Securities and Exchange Commission on February 14, 2025, announcing an amendment to its charter. The amendment increases the number of authorized shares of the company from 120,000,000 shares to 220,000,000 shares. This change includes 200,000,000 shares of common stock with a par value of $0.01 per share and 20,000,000 shares of preferred stock with the same par value.

The Charter Amendment, effective upon filing, was a strategic move by Orchid Island Capital, aiming to enhance its capital structure and flexibility in the market. The official document detailing the Charter Amendment is accessible as Exhibit 3.1 in the filing.

Furthermore, in compliance with regulations, the company also disclosed the addition of a Cover Page Interactive Data File (embedded within the Inline XBRL document) as Exhibit 104 under Item 9.01 Financial Statements and Exhibits.

To finalize the filing, Robert E. Cauley, Chairman, and Chief Executive Officer of Orchid Island Capital, signed off on the submission. The official signatory confirmed the report and its contents on behalf of the Registrant on February 14, 2025.

This adjustment in the number of authorized shares indicates Orchid Island Capital’s forward-looking approach to its corporate structure and potential capital requirements in the future.

This release is in accordance with the Securities Exchange Act of 1934.

The document also denoted the company’s contact details as 3305 Flamingo Drive, Vero Beach, Florida, 32963, with a telephone number of (772) 231-1400.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Orchid Island Capital’s 8K filing here.

Orchid Island Capital Company Profile

Orchid Island Capital, Inc, a specialty finance company, invests in residential mortgage-backed securities (RMBS) in the United States. The company’s RMBS is backed by single-family residential mortgage loans, referred as Agency RMBS. Its portfolio includes traditional pass-through Agency RMBS, such as mortgage pass through certificates and collateralized mortgage obligations; and structured Agency RMBS comprising interest only securities, inverse interest only securities, and principal only securities.