ION GEOPHYSICAL CORPORATION ION Geophysical Corporation, GX Technology Corporation, GX Geoscience Corporation S. de R.L. de C.V., GX Technology Imaging Services Limited, GX Technology EAME Limited and ION International Holdings, L.P. filed a revised asset purchase agreement in the US Bankruptcy Court for the sale of certain assets on August 17, 2022. As per the agreement dated August 16, 2022, seeks the Court's approval for the sale of certain assets to TGS ASA, for a purchase price of $33 million plus assumed liabilities. The debtor's assets include the Marine Data and Processing Assets.
On June 23, 2022, Buyer deposited with U.S. Bank National Association, in its capacity as escrow agent, the sum of $3.30 million by wire transfer. The seller is represented by Dan McGuire and J. Eric Johnson of Winston & Strawn LLP as its legal advisors and the buyer is represented by James Bailey and Frederic Smith of Bradley Arant Boult Cummings LLP as its legal advisors.
