BKV Corporation announced the closing of its underwritten public offering of 6,900,000 shares of common stock at a public offering price of $26.00 per share.
Net proceeds from the offering amounted to approximately $170.3 million after deductions.
The company plans to utilize the funds for an acquisition and general corporate purposes.
Public Offering
6,900,000 shares of common stock were sold at $26.00 per share.
Net Proceeds
BKV received approximately $170.3 million after expenses from the offering.
Utilization of Funds
The funds will be used for an acquisition and general corporate purposes.
- BKV aims to enhance its capital for strategic acquisitions and operational growth.
- The successful public offering reflects investor confidence in BKV's future prospects.
The closing of the public offering marks a significant milestone for BKV Corporation as it positions itself for growth and acquisitions in the energy sector.