Dawson Geophysical Company and its wholly owned subsidiary, Dawson Operating LLC, have entered into a new Revolving Credit Note with Equify Financial. Under the terms of the agreement, the companies can borrow up to $5,035,032 in aggregate principal until November 20, 2028. The loan will be repaid in thirty-six monthly installments of $139,862 plus accrued interest at an annual rate of 13%, beginning December 20, 2025. The loan is secured by a lien on the company's vibrator energy source vehicles. The agreement was reviewed and approved by Dawson's Audit Committee. Dan Wilks and Farris Wilks, who hold a controlling interest in both Dawson and Equify, are involved in the transaction.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Dawson Geophysical Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-107773), on November 06, 2025, and is solely responsible for the information contained therein.