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Strong Sell (0.00 out of 4)
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Thursday, January 21, 11:40 AM
Slide #375. 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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