secwatch.observer — SEC 8-K summary
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Issuer:     BKV Corp (BKV)
CIK:        0001838406
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001628280-25-023819
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1838406/000162828025023819/0001628280-25-023819-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1838406/000162828025023819/bkv-20250508.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-023819

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer