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By Ru Back Packer Staff, updated Sunday, January 28, 12:43 PM

Slide #269. Global Geophysical Services, Inc. Preferred Stock Offering

Company: Global Geophysical Services, Inc. (GGS)
Date announced: 12/4/2013
Shares Offered: 347,827
Date of Pricing: 12/9/2013
Preferred Stock Offering Details: Global Geophysical Services, Inc. ("Global" or the "Company") (NYSE:GGS) today announced the pricing of an underwritten public offering of its non-convertible 11.5% Series A Cumulative Preferred Stock (the "Preferred Stock") through the issuance of 347,827 depositary shares each representing 1/1000th ownership interest in a share of the Company's Series A Preferred Stock. The offering is expected to settle and close on Friday, December 13, 2013, subject to customary closing conditions.

Global Geophysical Services provides a suite of seismic data solutions to the global oil and gas industry, including its RG-3D Reservoir Grade® seismic solutions. Co. is comprised of two business segments: Proprietary Services and Multi-client Services. The Proprietary Services segment includes conducting geophysical surveys for Co.'s clients on a contractual basis where its clients generally acquire all rights to the seismic data obtained through such survey. The segment also provides microseismic monitoring, data processing and interpretation services. The Multi-client Services segment sells licenses, on a non-exclusive basis, to data Co. owns as a part of its seismic data library.

Preferred: GEGPQ


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Name: Global Geophysical Services Inc
Sector: Oil & Gas Equipment & Services

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