36 unchanged sentences
In addition, we market and supplement our services in Canada from our facilities in Calgary, Alberta.
+Added: Merger with Wilks
+Added: On October 25, 2021, the Company entered into a definitive Agreement and Plan of Merger, dated as of October 25, 2021 (as amended from time to time, the “Merger Agreement”), by and among Dawson, Wilks Brothers, LLC, a Texas limited liability company (“Wilks”), and WB Acquisitions Inc., a Delaware corporation and a wholly-owned subsidiary of Wilks (“Merger Sub”).
+Added: Pursuant to the terms of the Merger Agreement, Merger Sub will be merged with and into the Company, with the Company surviving the Merger as a subsidiary of Wilks (the “Merger”).
+Added: On November 1, 2021, Merger Sub commenced a tender offer for all of the outstanding shares of common stock of Dawson at a price of $2.34 per share (the “Offer”).
+Added: The Offer expired at the end of the day on January 14, 2022.
+Added: Accordingly, Wilks and its affiliates now own approximately 74.46% of our common stock.
+Added: A special meeting of stockholders was held on March 15, 2022 to consider and vote on the proposal to approve and adopt the Merger Agreement, among other things, and the approval of only 76.71% of the outstanding shares of common stock was obtained, which is below the 80% approval required to approve the Merger.
+Added: Accordingly, the Company will continue to be a controlled company with its shares listed on Nasdaq and will continue to be required to make filings with the SEC.
Technological advances in seismic equipment and computing allow the seismic industry to acquire and process, on an efficient basis, immense volumes of seismic data which produce precise images of the earth’s subsurface.
44 unchanged sentences
The remaining balance of our revenues were derived from varied clients and none represented 10% or more of our revenues.
−Removed: We historically have not acquired seismic data for our own account or for future sale, maintain multi-client seismic data libraries, or participate in oil and gas ventures.
+Added: We historically have not acquired seismic data for our own account or for future sale, maintained multi-client seismic data libraries, or participated in oil and gas ventures;
+Added: however Wilks, our controlling shareholder, has participated in those activities in the past, and may choose to do so with us in the future.
The results of seismic surveys conducted for a client belong to that client.
24 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.