Geokinetics Inc.'s public offering of 4,000,000 shares of common stock was priced at $9.25/share. Furthermore, the underwriters had a 30-day option to purchase up to another 600,000 common shares, covering over-allotments as necessary.
Assuming no exercise for over-allotment, Geokinetics expects to receive net proceeds of ~$34.8 million discounts and expenses. The company aims to use the net to fund part of the cash purchase price on its acquisition of Petroleum Geo-Services ASA, the onshore seismic......
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