BKV Corporation announced the launch of an underwritten public offering of 6,000,000 shares of its common stock.
The company expects to grant the underwriters an option to purchase up to an additional 900,000 shares at the public offering price.
Proceeds will be used for the purchase price in connection with an acquisition and for general corporate purposes.
Public Offering
6,000,000 shares of common stock offered with an option for an additional 900,000 shares.
Usage of Proceeds
Intended use of net proceeds for the purchase price in connection with a joint venture transaction and other corporate purposes.
Underwriters
Citigroup, Barclays, and Mizuho are acting as joint book-running managers for the offering.
- BKV Corporation's public offering aims to raise capital for strategic acquisitions and general corporate activities. The offering includes an option for additional shares, providing potential flexibility in funding sources.
BKV Corporation's announcement of a public offering signifies its strategic approach to fund acquisitions and strengthen its financial position in the market.