---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-008331"
form_type: "8-K"
ticker: "BKV"
cik: "0001838406"
company_name: "BKV Corp"
filed_at: "2026-01-30T23:59:59+00:00"
generated_at: "2026-05-16T06:04:51.735904+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# BKV closes deal to raise power JV stake to 75%; pays $115M cash and 5.3M shares

## Summary
- Acquired one-half of BPPUS's interest in BKV-BPP Power JV; BKV now owns 75% (up from 50%).
- Total consideration: $115.1M cash plus 5,315,390 shares of BKV common stock (valued at ~$21.66/share).
- Power JV owns two combined-cycle gas plants in Temple, TX (ERCOT market); BKV consolidates financials.
- Governance revised: BKV appoints majority of board, manages day-to-day, and can unilaterally pursue acquisitions.

## SEC filing metadata
- accession: 0001104659-26-008331
- form_type: 8-K
- ticker: BKV
- cik: 0001838406
- company_name: BKV Corp
- filed_at: 2026-01-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1838406/000110465926008331/0001104659-26-008331-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1838406/000110465926008331/tm264307d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-008331
- JSON: https://secwatch.observer/filing/0001104659-26-008331.json
- Plain text: https://secwatch.observer/filing/0001104659-26-008331.txt

## Source-grounded claims
- claim_id: 87b022c709bf14b1fac543aa3224792c3e2aee5f
  claim: BKV Corp completed an acquisition involving Banpu Power US Corporation for $115.1 million in cash and 5,315,390 shares of BKV common stock (closed 2026-01-30).
  evidence_excerpt: Banpu North America Corporation. Pursuant to the terms of the Purchase Agreement, the aggregate consideration paid by BKV in the Transaction (the “Purchase Price”) consisted of $115.1 million in cash and 5,315,390 shares of BKV common stock (the “Stock Consideration”). In accordance with the Purchase Agreement, the Purchase Price was determined pursuant to a formula
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838406/000110465926008331/0001104659-26-008331-index.htm
- claim_id: 316d47821f77d39099522c3261dc9e41b98d714e
  claim: BKV Corp entered into Amended and Restated Limited Liability Company Agreement with BPPUS (effective 2026-01-30).
  evidence_excerpt: At Closing, BKV and BPPUS entered into an Amended and Restated Limited Liability Company Agreement (the “A&R LLCA”), dated January 30, 2026, which governs the BKV-BPP Power Joint Venture
  evidence_url: https://www.sec.gov/Archives/edgar/data/1838406/000110465926008331/0001104659-26-008331-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.