Shares of SAExploration Holdings Inc. nearly tripled--up 176%--in active premarket trading Wednesday, after the oil field services company said it was awarded a new land seismic acquisition contract in Greece. Trading was 3.7 million shares, compared with the full-day average of about 153,000 shares. The company said the contract is valued at $27 million, and is expected to begin "as soon as practical" after travel restrictions resulting from the COVID-19 pandemic are lifted in Greece. The company expects the work to be completed in 90 to 120 days. To put the deal in context, the company recorded revenue from services of $255.2 million in 2019, up from $98.7 million in 2018. The stock had tumbled 62.5% year to date through Tuesday, while the S&P 500 has lost 15.3%.

SAExploration Holdings, Inc. (NASDAQ: SAEX, OTCQB: SXPLW), or SAE, today announced a combined $130 million of new projects in Alaska, Canada and the Middle East. The largest contract is valued at approximately $112 million for onshore data acquisition services to be performed on the North Slope of Alaska. The data acquisition services will be conducted over the next three winter seasons, beginning in Q1 2020.

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SAExploration Holdings, Inc. (“SAE”) (NASDAQ: SAEX, OTCQB: SXPLW) today announced that it is initiating a process to analyze and evaluate various strategic alternatives to address its capital structure and to position SAE for future success. To assist the Board of Directors and management team in analyzing and evaluating these opportunities, SAE has retained Imperial Capital, LLC as its financial advisor. Given the nature of the strategic alternatives process, SAE does not intend to make any future announcements concerning this process or developments related to its review until such time as SAE determines that further disclosure is necessary or appropriate.

SAExploration Holdings, Inc. (“SAE”) (NASDAQ: SAEX, OTCQB: SXPLW) today announced that it has filed an amended Annual Report on Form 10-K/A for the fiscal year ended December 31, 2018 with the Securities and Exchange Commission (“SEC”). The Annual Report includes restated audited consolidated financial statements as of and for the years ended December 30, 2018 and 2017, as well as restated unaudited interim financial statements for the quarterly periods ended December 31, 2018, September 30, 2018, June 30, 2018, March 31, 2018, December 31, 2017, September 30, 2017, June 30, 2017 and March 31, 2017. SAE has also filed an amended Quarterly Report on Form 10-Q/A for the quarterly period ended March 31, 2019, which includes restated unaudited interim financial statements for the quarterly periods ended March 31, 2019 and March 31, 2018.

Many investors, including Paul Tudor Jones or Stan Druckenmiller, have been saying before last year's Q4 market crash that the stock market is overvalued due to a low interest rate environment that leads to companies swapping their equity for debt and focusing mostly on short-term performance such as beating the quarterly earnings estimates. In the […]

The company has already fired its CFO, and its former CEO resigned after being placed on administrative leave. The SEC also recently announced an investigation into the company's accounting practices.

The industry has been facing enormous pressure from both the supply and demand sides of the market over the past month or so, but the company has been dealing with its own issues as well.

Companies In The News Are: SAEX, TNXP, DFS and SYF

New York, New York--(Newsfile Corp. - October 17, 2019) - Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in SAExploration Holdings, Inc. (NASDAQ: SAEX) ("SAExploration" or the "Company") of the October 17, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.Faruqi & Faruqi logo If you invested in SAExploration stock or options between March 15, 2016 ...

The company is in default on some of its loans and is in negotiations with its creditors until May 31.

The information comes from an internal investigation conducted at the same time as SEC and DOJ investigations into the company.

Houston-based SAExploration Holdings Inc. (Nasdaq: SAEX) has run afoul of Nasdaq listing standards, putting its place on the public exchange at risk. SAExploration failed to file its last two quarterly earnings reports with the U.S. Securities and Exchange Commission. The Nasdaq sent SAExploration notice Nov. 19 that the lateness puts it on the wrong side of exchange rules, according to a Nov. 22 SEC filing.

SAExploration Holdings, Inc. (NASDAQ: SAEX, OTCQB: SXPLW) today announced two new projects in offshore West Africa. In addition, as previously disclosed in a Current Report on Form 8-K filed with the Securities and Exchange Commission on January 13, 2020, SAE recently sold certain Alaska North Slope seismic library datasets to a third party and has used $14.5 million of the net proceeds of the sale to reduce indebtedness under its credit facility. SAE is an international oilfield services company offering a full range of vertically-integrated seismic data acquisition, data processing and interpretation, and logistical support services throughout North America, South America, Asia Pacific, Africa and the Middle East.

SAExploration Holdings, Inc. (NASDAQ: SAEX, OTCQB: SXPLW), or SAE, today announced that on November 19, 2019, it received a notice (the “Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) stating that because the Company had not timely filed its Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2019 and because the Company remains delinquent in filing its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2019, the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires listed companies to timely file all required public financial reports with the Securities and Exchange Commission.

The big shareholder groups in SAExploration Holdings, Inc. (NASDAQ:SAEX) have power over the company. Generally...

Companies in the news are: AMD, SAEX, DSS, CRSP

LOS ANGELES, CA / ACCESSWIRE / October 17, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of SAExploration Holdings, Inc. ("SAExploration" or "the Company") (NASDAQ:SAEX) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

Bragar Eagel & Squire, P.C., a nationally recognized shareholder law firm, is investigating certain officers and directors of NetApp, Inc. (NTAP), SAExploration Holdings, Inc. (SAEX), Mammoth Energy Services, Inc. (TUSK), and Realogy Holdings Corp. (RLGY) on behalf of long-term stockholders.  More information about each potential case can be found at the link provided. Bragar Eagel & Squire is investigating certain officers and directors of NetApp, Inc. following a class action complaint that was filed against NetApp on August 14, 2019. The complaint alleges that throughout the class period, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects.

SAExploration Holdings, Inc. (“SAE”) (NASDAQ: SAEX, OTCQB: SXPLW) today announced the award of a new land seismic acquisition contract in Greece. SAE is an international oilfield services company offering a full range of vertically-integrated seismic data acquisition, data processing and interpretation, and logistical support services throughout North America, South America, Asia Pacific, Africa and the Middle East. In addition to the acquisition of 2D, 3D, time-lapse 4D and multi-component seismic data on land, in transition zones and offshore in depths reaching 3,000 meters, SAE offers a full suite of data processing and interpretation services utilizing its proprietary, patent-protected software, and also provides in-house logistical support services, such as program design, planning and permitting, camp services and infrastructure, surveying, drilling, environmental assessment and reclamation, and community relations.