Wilks Brothers To Acquire Dawson - Quick Facts

(RTTNews) - Dawson Geophysical Company (DWSN) and Wilks Brothers, LLC have entered into a merger deal, pursuant to which a unit of Wilks will commence on or before November 1, 2021 a tender offer to acquire all of Dawson's outstanding common shares for $2.34 per share. The Board of Dawson recommended that its shareholders tender their shares in the offer.

For the quarter ended September 30, 2021, Dawson estimates that it will report unaudited revenues of approximately $1.9 million and negative EBITDA in the range of approximately $4.4 million to $4.8 million.

For the nine months ended September 30, 2021, Dawson estimates it will report unaudited revenues of approximately $13.8 million and negative EBITDA in the range of approximately $12.0 million to $12.5 million.

As of September 30, 2021, Dawson estimates that it will report unaudited cash and cash equivalents, plus restricted cash and short term investments, of approximately $41.6 million.