BKV prices IPO at $18/sh, raises ~$253.8M net; shares begin trading on NYSE under BKV

BKV Corp

IPO of 15M shares at $18/sh; net proceeds ~$253.8M after underwriting discounts.
Approximately $230M of net proceeds to repay debt; remainder for growth capex and CCUS expansion.
Underwriters have 30-day option for 2.25M additional shares at the same price.
New stockholders' agreement with BNAC grants board nomination rights proportional to ownership; CEO to be on board.
Amended charter and bylaws effective; adopted 2024 equity incentive plan and director/officer indemnity agreements.

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