A Locke Lord team led by Eric Johnson and Mike Blankenship (both of Houston) represented ION Geophysical Corporation in a public offering of 1.82 million shares of ION’s common stock together with warrants to purchase an additional 1.82 million shares. The offering, completed on Feb. 21, 2018, resulted in net proceeds of $47,547,500, which will be used to pay off existing debt and for general corporate purposes. For more information, please see the ION press release. Additional team members included Ben Smolij and Matt McKenna (both of Houston), and Stan Keller (Boston).
Posted February 22, 2018