“The intent behind our ‘at-the-market’ offering was to put a program in place to give us the ability to be opportunistic if opportunities that require additional capital present themselves. Unfortunately it was not well received by the markets as our short interest increased 50%. Given the pricing pressure on the stock, we do not feel it’s in the best interests of ION’s shareholders to continue the program,” stated
ION is a leading provider of technology-driven solutions to the global oil & gas industry. ION’s offerings are designed to help companies reduce risk and optimize assets throughout the E&P lifecycle. For more information, visit www.iongeo.com.
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