ION revises settlement date of its Exchange Offer and Rights Offering
April 15 2021 - 5:48PM
ION Geophysical Corporation (NYSE: IO) (the “Company” or “ION”)
today announced it is revising the previously announced settlement
date of its Exchange Offer and Rights Offering. The extension is to
enable all of the required information, exchange and clearing
agents to finish validating, tabulating and processing the
subscriptions given the complexity of the transactions. The Company
now expects to settle on or about Monday, April 19, 2021.
The Rights Offering and Exchange Offer are being
made pursuant to registration statements on Form S-1 and Form S-4,
respectively, on file with the Securities and Exchange Commission
(the “SEC”). Holders of ION Common Stock and Old Notes may obtain a
copy of each prospectus free of charge on the SEC website at
www.sec.gov or by contacting D.F. King & Co., Inc. at 1 (877)
732-3617 or ion@dfking.com.
This press release is for informational purposes
only and is not an offer to purchase or to sell or a solicitation
of an offer to purchase or sell any securities, nor shall there be
any offer, solicitation or sale of any securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
About ION
Leveraging innovative technologies, ION delivers
powerful data-driven decision-making to offshore energy and
maritime operations markets, enabling clients to optimize
investments and results through access to our data, software and
distinctive analytics. Learn more at iongeo.com.
Contacts
ION (Investor relations)
Executive Vice President and Chief Financial
OfficerMike Morrison, +1 281.879.3615 mike.morrison@iongeo.com
ION (Media relations)
Vice President, CommunicationsRachel White, +1
281.781.1168rachel.white@iongeo.com
The information herein contains certain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange
Act of 1934. These forward-looking statements may include
information and other statements that are not of historical fact.
Actual results may vary materially from those described in these
forward-looking statements. All forward-looking statements reflect
numerous assumptions and involve a number of risks and
uncertainties. These risks and uncertainties include the risks
associated with the timing and development of ION Geophysical
Corporation's products and services; pricing pressure; decreased
demand; changes in oil prices; agreements made or adhered to by
members of OPEC and other oil producing countries to maintain
production levels; the COVID-19 pandemic; our ability to complete
the Restructuring Transactions and other related matters in a
timely manner, if at all; and political, execution, regulatory, and
currency risks. For additional information regarding these various
risks and uncertainties, see our Form 10-K for the year ended
December 31, 2020, filed on February 12, 2021, and our Form S-1 and
Form S-4, each filed on January 29, 2021, and amended on February
12, 2021 and March 3, 2021. Additional risk factors, which could
affect actual results, are disclosed by the Company in its filings
with the Securities and Exchange Commission ("SEC"), including its
Form 10-K, Form 10-Qs and Form 8-Ks filed during the year. The
Company expressly disclaims any obligation to revise or update any
forward-looking statements.
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