ION Geophysical Corporation filed a notice for the selection of Successful Bidders in the US Bankruptcy Court for the sale of its certain assets on July 1, 2022. As a result of the auction conducted on June 29, 2022, TGS ASA has been selected as the successful bidder for marine data and processing assets, Sercel, Inc. and Sercel Holding has been selected as the successful bidder for software assets, Fairfield Industries Incorporated has been selected as the successful bidder for land data assets, SWK O&G Limited has been selected as the successful bidder for devices assets and Exion LLC has been selected as the successful bidder for intellectual property and inventory assets.