BKV closes public offering of 6.9M shares at $26.00; net proceeds ~$170.3M

BKV Corp

Closed underwritten public offering of 6,900,000 shares of common stock at $26.00/share, including 900,000 shares from underwriters' option exercise.
Net proceeds of approximately $170.3 million after underwriters' discounts and estimated offering expenses.
Proceeds intended to fund cash consideration for previously announced acquisition of controlling interest in BKV-BPP Power LLC (BKV-BPP Power Joint Venture).
Offering not contingent on closing of joint venture; if no closing, proceeds used for general corporate purposes.
Joint book-running managers: Citigroup, Barclays, and Mizuho.

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