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.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
1 June 2009listing compliance notice▲ Good
NYSE Amex accepted the company's compliance plan and granted a listing extension, resolving the March 2009 warning for now.
23 Mar 2009listing compliance notice▼ BadMajor
NYSE Amex warned Hyperdynamics it was out of compliance with continued-listing requirements after reviewing its December 2008 quarterly report.
9 Mar 2009capital raising announcement● Neutral
Kent Watts's brother Mike Watts converted 40.5 shares of Series B preferred stock into 321,884 common shares on 5 March 2009, with no underwriter or fees. The board also set the number of directors at five, effective once there are five or fewer directors in office.
9 Feb 2009late filing notice▼ Bad
HYPERDYNAMICS CORP notified the SEC that its quarterly report would be filed late.
22 Dec 2008auditor change● Neutral
This is an amendment to the 19 December 2008 notice that Hyperdynamics dismissed its accountant, Malone & Bailey. It only attaches the former accountant's letter (exhibit 16.1); the text shown does not give what the letter says.
19 Dec 2008auditor change● Neutral
Hyperdynamics dismissed its accountant, Malone & Bailey, PC, with no stated disagreements - the first of several auditor changes over the following decade.
24 Nov 2008material agreement▼ Bad
As its stock fell, Hyperdynamics cut the conversion price on its Enable Growth debenture from $2.25 to $1.65, and the investor converted $3.25 million of that debt into equity.
15 Sept 2008material agreement● Neutral
Filed the definitive debenture and warrant documents for the September 2008 Enable Growth financing.
11 Sept 2008late filing notice▼ Bad
HYPERDYNAMICS CORP notified the SEC that its annual report would be filed late.
2 Sept 2008capital raising announcement● Neutral
Hyperdynamics launched a $5 million, 10%-interest convertible-debenture offering with Enable Growth Partners.
2 Sept 2008securities registration● Neutral
HYPERDYNAMICS CORP filed a prospectus supplement for an offering off its existing shelf.
26 Aug 2008capital raising announcement● Neutral
Routine option and stock grants to employees and a consultant.
22 May 2008securities registration● Neutral
HYPERDYNAMICS CORP filed a prospectus supplement for an offering off its existing shelf.
22 May 2008material agreement● Neutral
Yorkville's warrants were repriced down to $1.65 as part of adjusting the February 2008 loan, expected to bring in $1.1 million when exercised.
14 May 2008securities registration● Neutral
HYPERDYNAMICS CORP filed a prospectus supplement for an offering off its existing shelf.
12 May 2008material agreement● Neutral
The company raised about $4 million selling stock and warrants through placement agent Rodman & Renshaw under its shelf registration.
12 May 2008late filing notice▼ Bad
HYPERDYNAMICS CORP notified the SEC that its quarterly report would be filed late.
18 Apr 2008capital raising announcement● Neutral
More Series B preferred stock converted to common shares.
7 Mar 2008debt financing▼ Bad
Yorkville funded the second of three loan tranches ($1.09 million) and recorded a mortgage over the company's Louisiana leases as collateral.
13 Feb 2008securities registration● Neutral
HYPERDYNAMICS CORP filed the final prospectus for a registered offering.
8 Feb 2008capital raising announcement▼ BadMajor
Hyperdynamics and its two subsidiaries signed a financing with its earlier lender Yorkville (YA Global) for three loans totaling about $3 million at 20% interest, secured on the subsidiaries' Louisiana oil leases and equipment. The first loan funded at $910,526 gross, $750,000 net, and Yorkville also received 550,000 warrants and 94,899 shares.
23 Jan 2008securities registration● Neutral
HYPERDYNAMICS CORP amended a filing by which it registered a securities offering with the SEC using its shelf eligibility.
21 Dec 2007securities registration● Neutral
HYPERDYNAMICS CORP registered a securities offering with the SEC using its shelf eligibility.
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.
9 Nov 2007late filing notice▼ Bad
HYPERDYNAMICS CORP notified the SEC that its quarterly report would be filed late.
19 Oct 2007securities registration● Neutral
HYPERDYNAMICS CORP filed the final prospectus for a registered offering.
10 Oct 2007securities registration● Neutral
HYPERDYNAMICS CORP amended an already-effective registration statement.
13 Sept 2007late filing notice▼ Bad
HYPERDYNAMICS CORP notified the SEC that its annual report would be filed late.
6 Aug 2007capital raising announcement● Neutral
More Series B preferred stock converted into common shares.