SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2018

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

SAExploration Holdings, Inc.

Notes to Unaudited Condensed Consolidated Financial Statements

NOTE 15.  SUBSEQUENT EVENTS

In October 2018, the holders of a majority of the shares of our common stock adopted resolutions by written consent, in lieu of a meeting of stockholders, to (i) amend our certificate of incorporation to increase the authorized number of shares of our common stock from 20.0 million to 40.0 million and (ii) amend our long–term incentive plan to increase the authorized number of shares of our common stock that may be issued under the plan to 2.7 million shares.  The amendment to our long–term incentive plan will become effective 20 calendar days following the date that we mail an information statement to our stockholders, and the amendment to our certificate of incorporation will be filed and become effective 20 calendar days following the date we mail an information statement to our stockholders, or as soon thereafter as is reasonably practicable.  

We evaluated subsequent events for appropriate accounting and disclosure through the date these unaudited condensed consolidated financial statements were issued and determined that there were no other material items that required recognition or disclosure in our unaudited condensed consolidated financial statements.

1