Dawson Geophysical agrees to be acquired by Wilks Brothers for $2.34/share; provides preliminary Q3 results

DAWSON GEOPHYSICAL CO

Wilks subsidiary to launch tender offer by Nov 1 for all Dawson shares at $2.34 cash per share.
Offer requires at least 80% of shares tendered; no financing condition; second-step merger expected Q4 2021.
Dawson Board unanimously recommends tender, citing limited stock liquidity and challenging seismic market.
Preliminary Q3 2021 revenue ~$1.9M, negative EBITDA $4.4-4.8M; cash + short-term investments $41.6M.
One active crew in lower 48 resumed mid-Oct; expects two Canada crews in late Q4 2021 through Q1 2022.

item 1.01 item 2.02 item 3.03 item 8.01 item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.