Core Viewpoint - BKV Corporation has successfully closed its public offering of 6,900,000 shares at a price of $26.00 per share, raising approximately $170.3 million in net proceeds, which will primarily fund the acquisition of a controlling interest in BKV-BPP Power, LLC [1] Group 1: Offering Details - The public offering included 900,000 shares from the underwriters' option to purchase additional shares [1] - The net proceeds will be used for the cash consideration of the BKV-BPP Power Joint Venture Transaction and related expenses [1] - The offering's completion is not contingent on the BKV-BPP Power Joint Venture Transaction [1] Group 2: Company Overview - BKV Corporation is headquartered in Denver, Colorado, and focuses on producing natural gas from its upstream assets [1] - The company operates in four business lines: natural gas production, gathering, processing and transportation, power generation, and carbon capture [1] - BKV is recognized as one of the top 20 gas-weighted natural gas producers in the U.S. and the largest in the Barnett Shale by gross operated volume [1]
BKV Corporation Announces Closing of Public Offering of Common Stock