secwatch / observer
8-K filed December 14, 2023, 6:59 PM ET ticker KNTK CIK 0001692787
other material confidence high sentiment neutral materiality 0.60

Kinetik prices upsized 6.5M-share secondary offering at $31.50 by Apache Midstream

Kinetik Holdings Inc.

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

Kinetik Holdings Inc. entered into Underwriting Agreement with J.P. Morgan Securities LLC, as representative of the several underwriters (effective 2023-12-11).

Action
entry
Agreement
underwriting
Counterparty
J.P. Morgan Securities LLC, as representative of the several underwriters
Effective
2023-12-11
Exact text from the filing
On December 11, 2023, Kinetik Holdings Inc., a Delaware corporation (the “ Company ”) and Apache Midstream LLC (the “ Selling Stockholder ”) entered into an underwriting agreement (the “ Underwriting Agreement ”) with J.P. Morgan Securities LLC, as representative of the several underwriters named therein (collectively, the “ Underwriters ”), pursuant to which the Selling Stockholder agreed to sell to the Underwriters, and the Underwriters agreed to purchase from the Selling Stockholder, subject to and upon the terms and conditions set forth therein, 7,475,000 shares of Class A common stock, par value $0.0001 per share (the “ Common Stock ”) of the Company (the “ Offering ”), which includes the Underwriters’ option to purchase up to an additional 975,000 shares of Common Stock, which was exercised in full on December 12, 2023.
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Kinetik Holdings Inc. filing history →

Source: SEC EDGAR
accession 0001193125-23-295499
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