---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-107773"
form_type: "8-K"
ticker: "DWSN"
cik: "0000799165"
company_name: "DAWSON GEOPHYSICAL CO"
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-17T00:05:57.240120+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-107773
- form_type: 8-K
- ticker: DWSN
- cik: 0000799165
- company_name: DAWSON GEOPHYSICAL CO
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/799165/000110465925107773/0001104659-25-107773-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/799165/000110465925107773/dwsn-20251031x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-107773
- JSON: https://secwatch.observer/filing/0001104659-25-107773.json
- Plain text: https://secwatch.observer/filing/0001104659-25-107773.txt

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