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Independence Contract Drilling, Inc.

US:ICDIUS:ICDIQUS:ICD
No current share price held for this company.

Past year: ▼ 98%(2.50c – 1.42 USD)

Market cap
—
Shares on issue
—
Story beats
29 since 2014
Last event
17 Jan 2025

Announcements, explained

Each one in plain English, with the numbers worked through for a shareholder.

19 Aug 2021material agreement● Neutral

On August 19, 2021 the company restated its at-the-market stock sale agreement, adding Johnson Rice alongside Piper Sandler, under a new shelf registration, with the board authorising $7.5 million of additional stock sales. Any sales would dilute existing shareholders.

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19 Aug 2021material agreement termination▲ GoodMajor

On August 17, 2021 the SBA approved forgiveness of the entire $10.0 million PPP loan taken in April 2020, plus accrued interest, so it does not need to be repaid. The company said forgiveness will be recognised in the quarter ending September 30, 2021. This resolves the open PPP forgiveness thread.

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19 Aug 2021securities registration● Neutral

Independence Contract Drilling, Inc. filed a prospectus supplement for an offering off its existing shelf.

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19 Aug 2021securities registration● Neutral

Independence Contract Drilling, Inc. filed a prospectus supplement for an offering off its existing shelf.

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16 Aug 2021securities registration● Neutral

Independence Contract Drilling, Inc. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.

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13 Aug 2021securities registration● Neutral

Independence Contract Drilling, Inc. amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.

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6 Aug 2021securities registration● Neutral

Independence Contract Drilling, Inc. registered a securities offering with the SEC using its shelf eligibility.

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4 Aug 2021quarterly activities report▼ Bad

Independence Contract Drilling, Inc. reported quarterly revenue of $19.8 million and a net loss of $14.9 million for the period ended 2021-06-30.

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4 Aug 2021quarterly activities report▼ Bad

Independence Contract Drilling, Inc. reported quarterly revenue of $19.8 million and a net loss of $14.9 million for the period ended 2021-06-30.

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6 July 2021substantial holder notice● Neutral

MSD Partners, L.P, MSD Credit Opportunity Master Fund, L.P reported a Independence Contract Drilling, Inc. shareholding of 367,074 shares (5.60% of votes) in a periodic institutional filing.

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9 June 2021substantial holder notice● Neutral

MSD Capital, L.P, MSD Energy Investments, L.P, Michael S. Dell reported a Independence Contract Drilling, Inc. shareholding of 113,717 shares (1.70% of votes) in a periodic institutional filing.

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9 June 2021substantial holder notice● Neutral

MSD Partners, L.P, MSD Credit Opportunity Master Fund, L.P reported a Independence Contract Drilling, Inc. shareholding of 447,811 shares (6.90% of votes) in a periodic institutional filing.

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8 June 2021director interest notice● Neutral

Independence Contract Drilling, Inc. director James Minmier bought 4,000 shares on the open market at $4.11.

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4 May 2021quarterly activities report▼ Bad

Independence Contract Drilling, Inc. reported quarterly revenue of $15.5 million and a net loss of $16.0 million for the period ended 2021-03-31.

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4 May 2021quarterly activities report▼ Bad

Independence Contract Drilling, Inc. reported quarterly revenue of $15.5 million and a net loss of $16.0 million for the period ended 2021-03-31.

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30 Mar 2021director interest notice● Neutral

Independence Contract Drilling, Inc. director Msd Partners, L.P. sold 96,462 shares.

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30 Mar 2021director interest notice● Neutral

Independence Contract Drilling, Inc. director Msd Capital L P sold 22,922 shares.

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17 Mar 2021director interest notice● Neutral

Independence Contract Drilling, Inc. director Msd Capital L P sold 7,576 shares.

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17 Mar 2021director interest notice● Neutral

Independence Contract Drilling, Inc. director Msd Partners, L.P. sold 31,883 shares.

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8 Mar 2021securities registration● Neutral

Independence Contract Drilling, Inc. filed a prospectus supplement for an offering off its existing shelf.

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8 Mar 2021material agreement● Neutral

On March 8, 2021 the company said it sold about $11.0 million of stock in 2020 under its June 2020 Piper Sandler at-the-market programme, and that the board authorised a further $2.2 million of sales under the same agreement. This continues the equity raising that dilutes existing shareholders.

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5 Mar 2021director interest notice● Neutral

Independence Contract Drilling, Inc. director Msd Partners, L.P. sold 37,223 shares.

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5 Mar 2021director interest notice● Neutral

Independence Contract Drilling, Inc. director Msd Capital L P sold 8,845 shares.

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2 Mar 2021director interest notice● Neutral

Independence Contract Drilling, Inc. VP & Chief Acct Officer Kathrine Kokenes exercised stock options for 71 shares and disposed of 93 shares.

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2 Mar 2021director interest notice● Neutral

Independence Contract Drilling, Inc. SVP - Business Development Scott A. Keller exercised stock options for 414 shares and disposed of 537 shares.

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2 Mar 2021director interest notice● Neutral

Independence Contract Drilling, Inc. President & CEO John A. Gallegos Jr. exercised stock options for 3,416 shares and disposed of 4,359 shares.

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2 Mar 2021director interest notice● Neutral

Independence Contract Drilling, Inc. director Msd Partners, L.P. sold 41,527 shares.

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2 Mar 2021director interest notice● Neutral

Independence Contract Drilling, Inc. SVP - Operations Philip Dalrymple exercised stock options for 757 shares and disposed of 982 shares.

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2 Mar 2021director interest notice● Neutral

Independence Contract Drilling, Inc. EVP & CFO Philip A Choyce exercised stock options for 1,261 shares and disposed of 1,635 shares.

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2 Mar 2021director interest notice● Neutral

Independence Contract Drilling, Inc. director Msd Capital L P sold 9,867 shares.

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