ION Geophysical Corporation (NYSE:IO) Files An 8-K Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement.
announced that its board of directors has authorized the Company
to terminate, effective immediately, the Distribution Agreement
(the Agreement) with Evercore Group L.L.C. (the Agent) providing
for the Companys at-the-market equity offering program (the ATM
Program). The Agreement allowed the Company under the ATM Program
to issue and sell, from time to time, through the Agent, shares
of the Companys common stock, par value $0.01 per share, having
an aggregate gross sales price of up to $20,000,000 (the Shares).
No Shares were sold under the ATM Program and the Company has no
further obligations thereunder.
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Exhibit Number
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Description
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99.1
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Press release dated May 2, 2017
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About ION Geophysical Corporation (NYSE:IO)
ION Geophysical Corporation is a technology focused company that provides geophysical technology, services and solutions to the global oil and gas industry. The Company offers services and products through four segments: Solutions, Systems, Software and Ocean Bottom Services (OBS). The Company’s Solutions segment provides over two service activities: Ventures group and Imaging Services group. The Company’s Systems segment’s products include Marine Acquisition Systems, Marine Positioning Systems and Geophones. The Company’s Software segment provides command and control software systems, related software and services for towed marine streamer, and seabed operations, as well as survey design. The Company, through OceanGeo B.V., offers an integrated OBS solution, which includes expert survey design, planning and optimization, superior data captured using multicomponent acquisition systems available to OceanGeo; data acquisition, and data processing, interpretation and reservoir services. ION Geophysical Corporation (NYSE:IO) Recent Trading Information
ION Geophysical Corporation (NYSE:IO) closed its last trading session 00.00 at 4.20 with 23,535 shares trading hands.