Business
BKV Corporation Announces Pricing of Public Offering of Common Stock
DENVER, December 02, 2025--BKV Corporation ("BKV") (NYSE: BKV) today announced the pricing of its underwritten public offering of 6,000,000 shares of its common stock at a public offering price of $26.00 per share. The total gross proceeds of the offering, before deducting underwriters’ discounts and commissions and estimated offering fees and expenses, are $156.0 million. BKV has granted the underwriters a 30-day option to purchase up to an additional 900,000 shares from BKV at the public offer
About this update from Bkv Corporation
[{"type":"text","content":"DENVER, December 02, 2025--(BUSINESS WIRE)--BKV Corporation ("BKV") (NYSE: BKV) today announced the pricing of its underwritten public offering of 6,000,000 shares of its common stock at a public offering price of $26.00 per share. The total gross proceeds of the offering, before deducting underwriters’ discounts and commissions and estimated offering fees and expenses, are $156.0 million. BKV has granted the underwriters a 30-day option to purchase up to an additional 900,000 shares from BKV at the public offering price, less underwriting discounts and commissions. The offering is expected to close on December 3, 2025, subject to customary closing conditions.","length":678,"tagName":"p"},{"type":"text","content":"BKV intends to use the net proceeds from the offering, together with cash on hand, for the payment of the cash consideration of the purchase price in connection with BKV’s previously announced acquisition of a controlling interest in BKV-BPP Power, LLC (the "BKV-BPP Power Joint Venture Transaction") and related expenses. Pending the closing of the BKV-BPP Power Joint Venture Transaction, or in the event the closing of the BKV BPP Joint Venture Transaction does not occur, BKV expects to use the proceeds of the offering for general corporate purposes. The completion of the offering is not contingent on the consummation of the BKV-BPP Power Joint Venture Transaction, and the BKV-BPP Power Joint Venture Transaction is not contingent on the completion of the offering.","length":783,"tagName":"p"},{"type":"text","content":"Citigroup, Barclays and Mizuho are acting as joint book-running managers for the offering. RBC Capital Markets, Evercore ISI and Jefferies are also acting as joint book-running managers for the offering. Citizens Capital Markets, KeyBanc Capital Markets, Pickering Energy Partners and CIBC Capital Markets are acting as co-managers for the offering.","length":349,"tagName":"p"},{"type":"text","content":"A shelf registration statement (including a prospectus) relating to the offering has been filed with the Securities and Exchange Commission (the "SEC") and has become effective. When available, copies of the preliminary prospectus supplement, prospectus supplement and accompanying base prospectus relating to the offering may be obtained free of charge on the SEC’s website at www....