ION Geophysical

ION Geophysical Corporation is a technology focused company that provides geophysical technology, services and solutions to the global oil and gas industry. The Company offers services and products through four segments: Solutions, Systems, Software and Ocean Bottom Services (OBS). The Company's Solutions segment provides over two service activities: Ventures group and Imaging Services group. The Company's Systems segment's products include Marine Acquisition Systems, Marine Positioning Systems and Geophones. The Company's Software segment provides command and control software systems, related software and services for towed marine streamer, and seabed operations, as well as survey design. The Company, through OceanGeo B.V., offers an integrated OBS solution, which includes expert survey design, planning and optimization, superior data captured using multicomponent acquisition systems available to OceanGeo; data acquisition, and data processing, interpretation and reservoir services.

ION Geophysical - Software Business provides a navigation system and optimizing land and marine seismic crews.

WILMINGTON, Del.--(BUSINESS WIRE)--AstraZeneca's supplemental Biologics License Application (sBLA) for IMFINZI® (durvalumab) has been accepted and granted Priority Review in the US for the treatment of patients with muscle-invasive bladder cancer (MIBC). The Food and Drug Administration (FDA) grants Priority Review to applications for medicines that, if approved, would offer significant improvements over available options by demonstrating safety or efficacy improvements, preventing serious cond.

IMFINZI® (durvalumab) granted Priority Review in the US ​for patients with muscle-invasive bladder cancer

AstraZeneca

WILMINGTON, Del.--(BUSINESS WIRE)--AstraZeneca's IMFINZI® (durvalumab) has been approved in the US for the treatment of adult patients with limited-stage small cell lung cancer (LS-SCLC) whose disease has not progressed following concurrent platinum-based chemotherapy and radiation therapy. The approval was granted by the Food and Drug Administration (FDA) after securing Priority Review and Breakthrough Therapy Designation. It was based on results from the ADRIATIC Phase III trial which were pr.

IMFINZI® (durvalumab) approved in the US as first and only immunotherapy regimen for patients with limited-stage small cell lung cancer

WILMINGTON, Del.--(BUSINESS WIRE)--Positive high-level results from the NIAGARA Phase III trial showed AstraZeneca's IMFINZI® (durvalumab) in combination with chemotherapy demonstrated a statistically significant and clinically meaningful improvement in the primary endpoint of event-free survival (EFS) and the key secondary endpoint of overall survival (OS) versus neoadjuvant chemotherapy for patients with muscle-invasive bladder cancer (MIBC). Patients were treated with IMFINZI in combination.

IMFINZI® (durvalumab) demonstrated statistically significant and clinically meaningful improvement in event-free survival and overall survival for muscle-invasive bladder cancer in NIAGARA Phase III trial

WILMINGTON, Del.--(BUSINESS WIRE)--Positive high-level results of the ADRIATIC Phase III trial showed AstraZeneca's IMFINZI® (durvalumab) demonstrated a statistically significant and clinically meaningful improvement in the dual primary endpoints of overall survival (OS) and progression-free survival (PFS) in patients with limited-stage small cell lung cancer (LS-SCLC) who had not progressed following concurrent chemoradiotherapy (cCRT) compared to placebo after cCRT. Small cell lung cancer (SC.

IMFINZI® (durvalumab) significantly improved overall survival and progression-free survival for patients with limited-stage small cell lung cancer in ADRIATIC Phase III trial

WILMINGTON, Del.--( BUSINESS WIRE )--AstraZeneca's IMFINZI® (durvalumab) in combination with IMJUDO® (tremelimumab) plus platinum-based chemotherapy has been approved in the US for the treatment of adult patients with Stage IV (metastatic) non-small cell lung cancer (NSCLC).

IMFINZI and IMJUDO with chemotherapy approved in the US for patients with metastatic non-small cell lung cancer

HOUSTON, May 23, 2022 (GLOBE NEWSWIRE) -- ION Geophysical Corporation (NYSE:IO) announced today that it has been awarded a contract for its Gemini Enhanced Frequency Source technology to be utilized in a proprietary, Wide Azimuth 3D acquisition in the Mediterranean Sea. The Wide Azimuth 3D acquisition will deploy Gemini 8,000 cubic inch sources in dual source configurations on both the primary and secondary streamer vessels over approximately 60 days.

ION's Gemini™ Enhanced Frequency Source technology awarded Wide Azimuth 3D acquisition contract in the Mediterranean Sea

HOUSTON, May 18, 2022 (GLOBE NEWSWIRE) -- ION Geophysical Corporation (NYSE:IO) announced today that is has received a notice from the New York Stock Exchange (“NYSE”, the “Exchange”) that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of ION Geophysical Corporation (the “Company”) — ticker symbol IO — from the Exchange. NYSE Regulation reached its decision to delist the common stock pursuant to Listed Company Manual Section 802.01B, because the Company had fallen below the NYSE's continued listing standard requiring listed companies to maintain a minimum average global market capitalization over a consecutive 30 trading day period of at least $15 million. Trading in the Company's common stock was suspended after market close on the NYSE on May 18, 2022.

ION receives notice of delisting proceedings from NYSE

NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (“NYSE”, the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of ION Geophysical Corporation (the “Company”) — ticker symbol IO — from the Exchange. Trading in the Company's common stock was suspended after the market close on the NYSE on May 18, 2022. NYSE Regulation reached its decision to delist the common stock pursuant to Section 802.01B of the NYSE's Listed

NYSE to Suspend Trading Immediately in ION Geophysical Corporation (IO) and Commence Delisting Proceedings

HOUSTON, May 03, 2022 (GLOBE NEWSWIRE) -- ION Geophysical Corporation (NYSE:IO) announced today that it has completed reprocessing of the prestack time and depth imaging of over 62,000 km of legacy data acquired from the National Hydrocarbon Agency of Colombia (ANH) for its Colombia Caribe 2D reprocessing program. This multi-client reprocessing provides consistent parameterization of 18 surveys with vintages ranging from 1982 through 2014. In combination with PanamaSPAN and AntillesSPAN, the program provides basin-wide coverage of the Caribbean.

ION completes Colombia Caribe 2D reprocessing program providing enhanced regional understanding of the Caribbean offshore

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HOUSTON, April 22, 2022 (GLOBE NEWSWIRE) -- ION Geophysical Corporation (NYSE:IO) today announced that on April 18, 2022 it received a letter from the New York Stock Exchange (the "NYSE") notifying the Company that it is not in compliance with the NYSE's continued listing standards given the Company failed to timely file its Form 10-K for the year ended December 31, 2021. The filing delinquency is due to the Company's filing for voluntary Chapter 11 relief on April 12, 2022.

ION Receives Non-compliance Notice from NYSE Regarding 10-K Filing Delinquency

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ION Geophysical Corp. (IO) stock is rocketing higher on Wednesday as investors react to a deal with Brunei Shell Petroleum. The post Why Is ION Geophysical Corp. (IO) Stock Up 68% Today?

Why Is ION Geophysical Corp. (IO) Stock Up 68% Today?

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ION Geophysical Corp (NYSE: IO) shares are soaring Wednesday after the company announced it was awarded a five-year contract by Brunei Shell Petroleum for a digital solution to manage marine logistics. The solution will be delivered utilizing the Marlin software suite and will.

Why ION Geophysical Stock Is Soaring

HOUSTON, April 12, 2022 (GLOBE NEWSWIRE) -- ION Geophysical Corporation (NYSE: IO) and certain affiliates (“ION” or the “Company”) today announced that, after evaluating a variety of strategic alternatives, it has filed for voluntary Chapter 11 relief in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division (the “Bankruptcy Court”) as it explores a value-maximizing transaction that will strengthen the Company's balance sheet and position ION for sustained future success. In connection with the Chapter 11 filing, ION entered into a Restructuring Support Agreement (the “RSA”) with the lenders under its Credit Agreement and holders of approximately 80% of its 2025 Notes, whereby the parties agreed to support the Company's Chapter 11 plan of reorganization (the “Plan”).

ION Commences Voluntary Chapter 11 Process with Lender Support and DIP Financing

HOUSTON, April 11, 2022 (GLOBE NEWSWIRE) -- ION Geophysical Corporation (NYSE:IO) announced today that the lenders under its Credit Agreement have agreed to extend the current forbearance through April 12, 2022. ION also announced that holders of more than 79% of its 2025 Notes agreed to continue their forbearance through April 12, 2022.

ION announces agreement for further forbearance extensions related to both its first and second lien debt

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HOUSTON, March 09, 2022 (GLOBE NEWSWIRE) -- ION Geophysical Corporation (NYSE: IO) announced today that PNC Bank, National Association (“PNC”), has sold and assigned its commitment and outstanding loans under ION's Revolving Credit and Security Agreement dated August 22, 2014 (as amended, the “Credit Agreement”) to certain holders of ION's 2025 Notes (the “purchasing lenders”). In addition, ION entered into a First Amendment to the Second Forbearance and Seventh Amendment to the Credit Agreement with the purchasing lenders pursuant to which, among other things, the purchasing lenders have agreed to extend the current forbearance through April 4, 2022.  ION also announced that it had entered into Amendment No. 2 to the Forbearance Agreement with holders of more than 79% of its 2025 Notes to continue their forbearance through April 4, 2022.  The forbearances are subject to the terms and conditions of the relevant agreements, which are described in more detail in our current report on Form 8-K that will be filed with the SEC.

ION announces certain holders of its second priority 2025 notes purchase ION's indebtedness to PNC, agree to further forbearance extensions related to both the first lien and second lien debt

Here's what investors in ION Geophysical and IO stock are watching today, as this company's share price rockets more than 60% higher. The post Why Is ION Geophysical (IO) Stock Up Today?

Why Is ION Geophysical (IO) Stock Up Today?

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HOUSTON, Feb. 15, 2022 (GLOBE NEWSWIRE) -- ION Geophysical Corporation (NYSE: IO) announced today that it has entered into a Second Forbearance and Sixth Amendment extension with PNC Bank, National Association (“PNC”), under its Revolving Credit and Security Agreement dated August 22, 2014 (as amended, the “Credit Agreement”), pursuant to which PNC has agreed to waive, through and including March 8, 2022, a cross default that would have occurred under the Credit Agreement by virtue of ION's missing and still not having paid, the interest payment on the 2025 Notes that was due on December 15, 2021. In addition, ION also announced that it had entered into Amendment No. 1 to the Forbearance Agreement with holders of more than 79% of its 2025 Notes to continue to forbear until March 8, 2022 from enforcing their rights and remedies arising as a result of ION's failure to make the December 15, 2021 interest payment due on the 2025 Notes. The forbearances are subject to the terms and conditions of the relevant agreements with PNC and the note holders, which are described in more detail in our current report on Form 8-K filed with the SEC.

ION announces a continued forbearance and amendment extension related to its revolving credit agreement and forbearance agreement extension related to its senior secured second priority notes due 2025

HOUSTON, Feb. 04, 2022 (GLOBE NEWSWIRE) -- ION Geophysical Corporation (NYSE: IO) today announced that it received notice on January 31, 2022 from the New York Stock Exchange (the "NYSE") that the price of its common stock fell below the NYSE's continued listing standards. The NYSE requires that the average closing price of a listed company's common stock remain above $1.00 per share over a consecutive 30 trading-day period. As of January 28, 2022, the 30 trading-day period average closing price of the Company's common stock was $0.94 per share. In accordance with NYSE rules, the Company must notify the NYSE within 10 business days of receipt of the notification with its intent to cure the deficiency. The Company has six months to regain compliance with the NYSE continued listing requirements. During the six-month period, the Company's common stock will continue to be listed and traded on the NYSE, subject to compliance with other continued listing standards. The deficiency does not affect the Company's ongoing business operations or its SEC reporting requirements.

ION receives continued listing standard notice from the NYSE

The stock price of Ion Geophysical Corp (NYSE: IO) increased by over 50% pre-market today. This is why it happened.

News for ION Geophysical Stock (IO)