|Bid||0.00 x 800|
|Ask||0.70 x 3200|
|Day's Range||0.45 - 0.52|
|52 Week Range||0.45 - 3.69|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 12, 2017 - May 15, 2017|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||580.50|
HOUSTON, Aug. 08, 2018-- SAExploration Holdings, Inc. today announced its financial results for the second quarter of 2018.. Second Quarter 2018 Summary and Recent Developments. Revenue of $16.9 million, ...
HOUSTON, Aug. 03, 2018-- SAExploration Holdings, Inc. today announced plans to release its unaudited consolidated financial results for the second quarter ended June 30, 2018 on Wednesday, August 8, 2018 ...
Geokinetics Inc. entered bankruptcy with about 330 North American employees, but as few as 16 might still have jobs by late August as part of a deal struck with creditors so the seismic-data supplier can continue to use cash to get through chapter 11. According to a court filing, Geokinetics and related companies in bankruptcy have agreed in a deal with creditors to cut their payroll to no more than 27 full-time workers as of July 30. Neither Geokinetics nor SAExploration nor their lawyers could be reached for immediate comment Friday morning on how many employees could be kept under that transition services agreement.
SAExploration Holdings, Inc. (NASDAQ: SAEX, OTCQB: SXPLW), or SAE, today announced that it intends to offer, subject to market and other conditions, $50 million aggregate principal amount of 6.0% Convertible Secured Notes due 2023 in a private offering. SAE intends to use the net proceeds from the offering of the notes to repay its obligations under its existing credit facilities and for general corporate purposes. The notes will be convertible into shares of SAE’s common stock at an initial conversion price based on an equity valuation of $55.5 million, subject to customary antidilution adjustments.
SAExploration Holdings, Inc. (SAEX) (OTCQB:SXPLW), or SAE, today announced that its indirect wholly owned subsidiary SAExploration Acquisitions (U.S.), LLC (“Acquisitions Sub”) has completed the previously announced acquisition of substantially all of the assets of Geokinetics, Inc. (“GEOK”), including equipment and machinery, seismic processing software and equipment and certain contracts with large exploration and production companies. In connection with closing of the acquisition, SAE amended and restated its existing credit facilities and Acquisitions Sub entered into a new acquisition credit facility of approximately $23.4 million in aggregate principal amount of borrowings, secured by the acquired assets of GEOK, to fund the acquisition and to pay related transaction costs.
SAExploration Holdings, Inc. (SAEX) (OTCBB:SAEXW), or SAE, announced that on July 5, 2018 it amended its existing credit agreement to increase the lenders’ maximum commitment to $30,000,000. In connection with the amendment, SAE has drawn an additional $10,000,000 in borrowings. Concurrently with the upsize of its credit facility, SAE announced its intention to redeem the remaining $1,865,000 outstanding principal amount of its original $150,000,000 of 10.00% Senior Secured Notes due 2019 (the “2019 Notes”).
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A bankruptcy judge approved a larger-than-normal breakup fee for the lead bidder of Geokinetics Inc. and said that although a $20 million offer won’t go far in paying creditors, it could help save jobs. Acting U.S. Trustee Henry Hobbs laid out several reasons why the motion by Houston-based Geokinetics, which filed for bankruptcy on Monday, shouldn’t be approved by the judge. For one thing, a $20 million lead bid doesn’t seem that impressive given the company’s debt levels, Mr. Hobbs said in a filing Thursday in U.S. Bankruptcy Court in Houston.
Inc., a publicly traded oil-field services provider, has made a $20 million offer to buy nearly all the assets of Geokinetics Inc., a seismic-data supplier that filed for bankruptcy earlier this week for the second time since 2013. Geokinetics, founded in 1980, serves the oil and natural gas industry, collecting and processing seismic data both on land and in water and in 2-D, 3-D and time-lapse 4-D. The Houston-based company lost $53.5 million last year and in a filing earlier this week said it wasn’t able to meet obligations on millions of dollars in debt maturing this month.
SAExploration Holdings, Inc. (SAEX) (OTCQB:SXPLW) today announced that its wholly owned subsidiary SAExploration, Inc. (“SAE” or the “Company”) has entered into an asset purchase agreement that will be used as a “Stalking Horse” bid to acquire certain assets of Geokinetics, Inc. (“GEOK”) and certain of its subsidiaries, debtors and debtors-in-possession (collectively, “Sellers”) in a transaction to be effected in GEOK’s Chapter 11 bankruptcy proceeding which commenced June 25, 2018. Jeff Hastings, Chairman and CEO of SAE, commented, “We are excited for the opportunity to acquire these complementary assets, which will allow us to continue to provide, and in many instances enhance, our seismic data acquisition and logistical support services.
SAExploration has agreed to purchase substantially all of Geokinetics’ assets for $20 million, but that bid is subject to higher and better offers, so an auction will be held.
SAExploration Holdings, Inc. (SAEX) (OTCQB:SXPLW) today announced that its Board of Directors declared on June 13, 2018 its intention to pay on July 1, 2018, to record holders on June 15, 2018 of its 8% Cumulative Perpetual Series A Preferred Stock, par value $0.0001 (the “Series A Preferred Stock”), in-kind dividends of 0.02 of a share of Series A Preferred Stock for every one outstanding share of Series A Preferred Stock. At this time it is anticipated that a total of 663 shares of Series A Preferred Stock will be issued, which includes one share for any fractional share owned by each holder of Series A Preferred Stock on the record date. In addition, in accordance with the terms of the Certificate of Designation for the Series A Preferred Stock, SAE expects that, for the dividend period starting July 1, 2018 and ending September 30, 2018, it will be obligated to pay in-kind any dividends declared by the Board of Directors on the Series A Preferred Stock.
NEW YORK, June 12, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Amphenol ...
In this article, I will take a quick look at SAExploration Holdings Inc’s (NASDAQ:SAEX) recent ownership structure – an unconventional investing subject, but an important one. Ownership structure has beenRead More...
Measuring SAExploration Holdings Inc’s (NASDAQ:SAEX) track record of past performance is an insightful exercise for investors. It enables us to reflect on whether the company has met or exceed expectations,Read More...
NEW YORK, NY / ACCESSWIRE / March 16, 2018 / SAExploration Holdings, Inc. (NASDAQ: SAEX ) will be discussing their earnings results in their Q4 Earnings Call to be held on March 16, 2018, at 10:00 AM Eastern ...