7 Sept 2017capital raising announcement● Neutral
A sixth and final closing raised about $3.7 million, wrapping up the financing round meant to fund the Fatala well.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
30 Aug 2017capital raising announcement● Neutral
A fifth closing of the common-stock offering raised roughly $2.6 million more.
4 Aug 2017capital raising announcement● Neutral
Hyperdynamics gave Series A preferred subscribers the option to buy more units, continuing to top up cash ahead of drilling.
9 June 2017capital raising announcement▲ Good
Hyperdynamics raised about $6.3 million selling common stock and warrants directly, shifting its financing from preferred units to common equity.
24 Apr 2017capital raising announcement● Neutral
A third closing of the preferred-stock offering raised roughly $710,000 more.
3 Apr 2017capital raising announcement● Neutral
A second closing of the same preferred-stock offering added roughly $511,000 more.
23 Mar 2017capital raising announcement● Neutral
Hyperdynamics closed the first tranche of a preferred-stock private placement, raising $680,000 toward the Fatala well campaign.
6 Jan 2017capital raising announcement● Neutral
Hyperdynamics settled a 2012 shareholder lawsuit from five hedge funds with stock and a $1.35 million insurance-covered payment, and swapped its planned drillship for the more capable Pacific Scirocco ahead of a planned April 2017 spud.
4 Nov 2010capital raising announcement▲ GoodMajor
BlackRock-managed funds agreed to buy 15 million shares at $2.00 in a $30 million private placement - a much larger, higher-quality investor than the company's earlier convertible-debenture lenders.
13 July 2009capital raising announcement● Neutral
Outside counsel Patton Boggs was paid partly in stock for legal services.
18 June 2009capital raising announcement● Neutral
Hyperdynamics engaged an executive search firm to find a new CEO and two board members, paying with warrants - an early sign of a coming leadership change.
2 Sept 2008capital raising announcement● Neutral
Hyperdynamics launched a $5 million, 10%-interest convertible-debenture offering with Enable Growth Partners.
26 Aug 2008capital raising announcement● Neutral
Routine option and stock grants to employees and a consultant.
18 Apr 2008capital raising announcement● Neutral
More Series B preferred stock converted to common shares.
8 Feb 2008capital raising announcement▼ BadMajor
Hyperdynamics turned to a new, costlier lender - Yorkville/YA Global - for a three-tranche, 20%-interest loan secured against its Louisiana oil leases, a sign that cheaper capital was getting harder to find.
17 Dec 2007capital raising announcement● Neutral
A warrant holder exercised 544,000 warrants at a reduced $1.00 strike price, adding $544,000 in cash.
6 Aug 2007capital raising announcement● Neutral
More Series B preferred stock converted into common shares.
18 July 2007capital raising announcement● Neutral
A consultant was issued a 1.5 million-share warrant as compensation.
5 July 2007capital raising announcement▲ GoodMajor
Hyperdynamics converted all of its 2006 Cornell Capital debt to equity, becoming debt-free, and a warrant-repricing incentive pulled in $5.25 million of cash exercises.
19 June 2007capital raising announcement● NeutralMajor
Bought 85% of the working interest in about 1,150 acres of Louisiana oil leases with roughly 20 active wells from Rabb Resources, which stays as operator and keeps 15%. Hyperdynamics paid $100,000 and 100,000 shares at closing but must pay a further $1,150,000 and 100,000 shares within 60 days or forfeit everything already paid and lose the deal, and it carries all working-interest costs until it has put in $4,000,000.
18 June 2007capital raising announcement▼ Bad
The company settled two lawsuits by issuing stock and warrants to the plaintiff rather than paying cash.
12 Apr 2007capital raising announcement● Neutral
Hyperdynamics extended and repriced roughly 3.5 million investor warrants (raising the strike from $2 to $4) to keep a future capital source open.
1 Dec 2006capital raising announcement● Neutral
A further small warrant exercise brought in $4,220.
7 Nov 2006capital raising announcement● Neutral
An investor exercised warrants for a token $25,000, part of the ongoing Cornell Capital financing.
23 June 2006capital raising announcement● Neutral
The company drew $1.8 million of a planned $6 million convertible-debenture financing from Cornell Capital Partners, its next source of dilutive capital.
18 Aug 2005capital raising announcement● Neutral
Hyperdynamics drew a first $909,000 from Dutchess Private Equities under a $20 million equity line, its earliest dilutive-financing arrangement.