---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-129180"
form_type: "8-K"
ticker: "DWSN"
cik: "0000799165"
company_name: "DAWSON GEOPHYSICAL CO"
filed_at: "2021-10-25T23:59:59+00:00"
generated_at: "2026-06-28T18:37:54.518767+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-21-129180
- form_type: 8-K
- ticker: DWSN
- cik: 0000799165
- company_name: DAWSON GEOPHYSICAL CO
- filed_at: 2021-10-25T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.02, 3.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799165/000110465921129180/0001104659-21-129180-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799165/000110465921129180/tm2130885d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-129180
- JSON: https://secwatch.observer/filing/0001104659-21-129180.json
- Plain text: https://secwatch.observer/filing/0001104659-21-129180.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.