Dawson Geophysical CO 8-K Filing

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value DWSN The NASDAQ Stock Mar
• $5,035,032 — up to an aggregate principal amount of $5,035,032. The loans outstanding under the Revolv
• $139,862 — tallments of principal in the amount of $139,862, together with all accrued and unpaid i

Filing Documents

• dwsn-20251031x8k.htm (8-K) — 39KB
• dwsn-20251031xex10d1.htm (EX-10.1) — 55KB
• dwsn-20251031xex10d2.htm (EX-10.2) — 59KB
• dwsn-20251031xex10d1001.jpg (GRAPHIC) — 5KB
• 0001104659-25-107773.txt ( ) — 306KB
• dwsn-20251031.xsd (EX-101.SCH) — 3KB
• dwsn-20251031_def.xml (EX-101.DEF) — 3KB
• dwsn-20251031_lab.xml (EX-101.LAB) — 17KB
• dwsn-20251031_pre.xml (EX-101.PRE) — 11KB
• dwsn-20251031x8k_htm.xml (XML) — 5KB

01. Entry Into Material Definitive Agreement

Item 1.01. Entry Into Material Definitive Agreement On October 31, 2025, Dawson Geophysical Company (the " Company ") and Dawson Operating LLC, a Texas limited liability company and a wholly owned subsidiary of the Company (" Dawson Operating " and together with the Company, the " Borrowers "), entered into a Revolving Credit Note (the " Revolving Credit Note ") in favor of Equify Financial, as lender (the " Lender "). Pursuant to the Revolving Credit Note, the Borrowers, jointly and severally, may, from time to time until November 20, 2028, request loans from the Lender for up to an aggregate principal amount of $5,035,032. The loans outstanding under the Revolving Credit Note are payable by the Borrowers in thirty-six (36) monthly installments of principal in the amount of $139,862, together with all accrued and unpaid interest on the outstanding principal balance thereunder, commencing on December 20, 2025, and continuing thereafter until the maturity date. The interest rate applicable to loans outstanding under the Revolving Credit Note is a rate per annum equal to 13%. The maximum borrowing limit under the Revolving Credit Note is initially $5,035,032, and such amount is reduced by $139,862 on each monthly payment date. The Borrowers may prepay up to 75% of the then outstanding principal and accrued but unpaid interest at any time without a prepayment fee. The obligations under the Revolving Credit Note are secured by a lien on the Company's vibrator energy source vehicles, pursuant to a Security Agreement by and between the Company and Equify, dated as of October 31, 2025. Dan Wilks and Farris Wilks, together with certain of their affiliates, collectively hold a controlling interest in the Company and in Equify. The transaction was reviewed and approved by the Company's Audit Committee of the Board of Directors. The foregoing descriptions of the Revolving Credit Note and the Security Agreement do not purport to be complete and are qualified in their e

03

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant The information provided in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

Financial Statements and Exhibits

Financial Statements and Exhibits. (d) Exhibits. EXHIBIT NUMBER DESCRIPTION 10.1 Revolving Credit Note dated October 31, 2025 10.2 Security Agreement, dated October 31, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DAWSON GEOPHYSICAL COMPANY Date: November 6, 2025 By: /s/ Ian Shaw Ian Shaw Chief Financial Officer

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