Dawson Geophysical enters $5M secured revolver at 13% interest; related-party lender

DAWSON GEOPHYSICAL CO

Revolving credit facility of up to $5,035,032 at 13% annual interest; 36 monthly principal payments of $139,862 starting Dec 20, 2025.
Matures November 20, 2028; collateral includes vibrator energy source vehicles under a security agreement.
Lender Equify Financial is controlled by Dan Wilks and Farris Wilks, who also control Dawson; transaction approved by Audit Committee.
Borrowers may prepay up to 75% of outstanding principal without a prepayment fee; remaining 25% subject to 1% premium.

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