BKV closes follow-on offering of ~11.1M shares, raising $185.2M net proceeds

BKV Corp

Company sold 5,550,000 primary shares; selling stockholder sold 4,142,089 secondary shares at $26.58/share.
Underwriter exercised option in full for additional 1,453,813 shares on March 11, 2026.
Net proceeds to company approx. $185.2M after discounts, commissions, and expenses.
Proceeds intended for general corporate purposes including working capital and capex.
Company did not receive any proceeds from shares sold by selling stockholder.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BKV Corp entered into Underwriting Agreement with Bedrock Energy Partners, LLC and RBC Capital Markets, LLC valued at $26.58 per share (effective 2026-03-10).

Action: entry
Agreement: underwriting
Counterparty: Bedrock Energy Partners, LLC and RBC Capital Markets, LLC
Value: $26.58 per share
Effective: 2026-03-10

Exact text from the filing

On March 10, 2026, BKV Corporation, a Delaware corporation (the “Company”), entered into an Underwriting Agreement (the “Underwriting Agreement”) by and among the Company, Bedrock Energy Partners, LLC, as the selling stockholder (the “selling stockholder”), and RBC Capital Markets, LLC, as the sole underwriter (the “Underwriter"), providing for the offer and sale by the Company and the selling stockholder (the “Offering”), and the purchase by the Underwriter, of (a) 5,550,000 shares (the “Primary Shares”) of the Company’s common stock, par value $0.01 per share (the “Common Stock”), offered by the Company and (b) 4,142,089 shares (the “Secondary Shares”) of Common Stock offered by the selling stockholder, in each case, at a price of $26.58 per share.

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BKV Corp filing history →

Source: SEC EDGAR

accession 0001104659-26-027036

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