BKV forms CCUS JV with C Squared Solutions; investor to contribute up to $500M

BKV Corp

dCarbon Ventures contributes Barnett Zero and Eagle Ford CCUS projects; Investor commits up to $500M over 5 years (expandable to $1B).
dCarbon holds at least 51% interest (Class A); Investor gets up to 49% (Class B) with $500M capital call.
Governance: Board of 5 (3 from dCarbon, 2 from Investor); Investor has veto rights on budget, distributions, sale.
Investor has option after 2nd anniversary to sell Class B units to BKV at 1.65x contributed capital, less distributions.
Exclusivity: BKV develops CCUS projects through JV unless Investor rejects 40%+ of projects in any 15-month period.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.