Trio Merger Corp. & SAExploration Holdings, Inc. to Present at Noble Financial Capital Markets’ Ninth Annual Equity Confere...
16 Janeiro 2013 - 4:00PM
Business Wire
Trio Merger Corp. (NASDAQ: TRIO; OTCBB: TMRGW)
(“Trio”) and its proposed merger target, privately-held
SAExploration Holdings, Inc. (“SAE”), today announced their
presentation at the Noble Financial Capital Markets Ninth Annual
Equity Conference on Tuesday, January 22, 2013 at 9:30 am ET. The
event will take place at the Hard Rock Hotel & Casino in
Hollywood, Florida. Brent Whiteley, CFO & General Counsel, will
present on behalf of SAE. Eric Rosenfeld, Chairman and CEO, will
present on behalf of Trio.
On December 11, 2012, Trio and SAE jointly announced that the
companies entered into a merger agreement whereby SAE will merge
into a wholly owned subsidiary of Trio.
For a copy of the slides to be used during the presentation and
additional information regarding the proposed merger of Trio and
SAE, please see the Form 8-K filed by Trio on December 11, 2012
which can be obtained, without charge, at www.sec.gov.
About SAExploration Holdings,
Inc.
SAE is a holding company of various subsidiaries which
cumulatively form a geographically diversified seismic data
acquisition company. SAE provides a full range of 2D, 3D and 4D
seismic data services to its clients, including surveying, program
design, logistical support, data acquisition, processing, camp
services, catering, environmental assessment and community
relations. The Company services its multinational client base from
offices in Canada, Alaska, Peru, Columbia, Bolivia, Papua New
Guinea, New Zealand and Brazil. SAE’s website is
www.saexploration.com.
About Trio Merger Corp.
Trio was incorporated in Delaware on February 2, 2011 as a
blank check company whose objective is to effect a merger,
capital stock exchange, asset acquisition or other similar
business combination with an operating business. Trio’s initial
public offering was declared effective June 20, 2011 and was
consummated on June 24, 2011, receiving net proceeds of $57.43
million through the sale of 6.0 million units at $10.00 per unit
and $3.55 million from the sale of private placement warrants to
the initial stockholders and the underwriters. On June 24, 2011,
the underwriters exercised their over-allotment option and on June
27, 2011, the Company received net proceeds of $8.69 million from
the sale of 900,000 units. Each unit was comprised of one share of
Trio common stock and one warrant with an exercise price of $7.50.
Pursuant to a share repurchase plan, the Company repurchased a
total of 0.78 million shares of common stock at an aggregate
purchase price of $7.54 million. As of September 30, 2012, Trio
held $61.69 million in a trust account maintained by an independent
trustee, which will be released upon the consummation of the
business combination.
The presentation referenced in this press release includes
certain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, including
statements regarding future financial performance, future growth
and future acquisitions. These statements are based on SAE’s and
Trio’s managements’ current expectations or beliefs and are subject
to uncertainty and changes in circumstances. Actual results may
vary materially from those expressed or implied by the statements
herein due to changes in economic, business, competitive and/or
regulatory factors, and other risks and uncertainties affecting the
operation of SAE’s business. These risks, uncertainties and
contingencies include: business conditions; weather and natural
disasters; changing interpretations of GAAP; outcomes of government
reviews; inquiries and investigations and related litigation;
continued compliance with government regulations; legislation or
regulatory environments; requirements or changes adversely
affecting the business in which SAE is engaged; fluctuations in
customer demand; management of rapid growth; intensity of
competition from other providers of seismic acquisition services;
general economic conditions; geopolitical events and regulatory
changes; the possibility that the merger does not close, including
due to the failure to receive required security holder approvals or
the failure of other closing conditions; and other factors set
forth in Trio’s filings with the Securities and Exchange
Commission. The information set forth herein should be read in
light of such risks. Further, investors should keep in mind that
SAE’s financial results are unaudited and do not conform to SEC
Regulation S-X and as a result such information may fluctuate
materially depending on many factors. Accordingly, SAE’s financial
results in any particular period may not be indicative of future
results. Furthermore, SAE’s financial information includes certain
non-GAAP financial measures, such as EBITDA (earnings before
interest, taxes, depreciation and amortization). EBITDA should be
considered in addition to, rather than as a substitute for, pre-tax
income, net income and cash flows from operating activities.
Neither Trio nor SAE is under any obligation to, and expressly
disclaims any obligation to, update or alter its forward-looking
statements, whether as a result of new information, future events,
changes in assumptions or otherwise.
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