BKV closes public offering of 6.9M shares at $26; net proceeds ~$170.3M for acquisition funding

BKV Corp

Offered 6,000,000 shares plus 900,000 option shares at $26.00 per share, net proceeds ~$170.3M.
Underwriters' option exercised in full on Dec. 2, 2025; offering closed Dec. 3, 2025.
Net proceeds intended to fund cash consideration for previously announced BKV-BPP Power joint venture acquisition.
Pending closing of acquisition, proceeds will be used for general corporate purposes.

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