Item 8.01 Other Events.

As previously disclosed, on April 15, 2020, Dawson Geophysical Company (the "Company") received loan proceeds of $6,373,707 (the "Loan") from Dominion Bank, a Texas state bank (the "Lender"), pursuant to the Small Business Association ("SBA") Paycheck Protection Program (the "PPP") under the Coronavirus Aid, Relief, and Economic Security Act. Since the issuance of the Loan to the Company, additional guidance has been issued by the SBA that creates uncertainty regarding the qualification requirements for a PPP loan. Out of an abundance of caution and in light of the new guidance, the Company repaid the full amount of the Loan to the Lender on May 11, 2020.

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