other material
confidence high
sentiment neutral
materiality 0.60
Selling stockholder offers 5.7M shares of KGS at $34.50; company buys back 434,783 shares
Kodiak Gas Services, Inc.
- Selling stockholder Frontier TopCo sold 5,708,885 shares at $34.50; underwriters exercised overallotment for 856,332 additional shares.
- Company did not receive any proceeds from the offering; all shares sold by selling stockholder.
- Company purchased 434,783 shares from selling stockholder at $34.50 per share under existing $50M repurchase program.
- After buyback, $35M remains available under share repurchase program (expires Dec 31, 2025).
- Offering, overallotment, and share repurchase closed on November 18, 2024.