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BKV Corporation Announces Launch of Public Offering of Common Stock

  • BKV Corporation launched an underwritten public offering of 9,692,089 shares of common stock, including 5,550,000 shares from the Company & 4,142,089 shares from selling stockholder Bedrock Energy Partners, LLC.
  • BKV expects to grant the underwriter a 30-day option to purchase up to an additional 1,453,813 shares on the same terms.
  • The Company intends to use net proceeds from its portion of the Offering for general corporate purposes, including working capital, operating expenses, & capital expenditures.
  • BKV will not receive any proceeds from the sale of shares by the selling stockholder.
  • RBC Capital Markets, LLC is acting as the sole underwriter for the Offering.
  • Shares may be sold on the New York Stock Exchange, in the over-the-counter market, or through negotiated transactions at market prices.
  • The Offering is made via a prospectus supplement filed with the SEC on Form S-3.
  • BKV is a Denver-based energy company focused on low-carbon energy solutions, natural gas production in the Barnett Shale, & carbon capture technologies.
  • The press release contains forward-looking statements regarding the Offering & use of proceeds that involve risks & uncertainties.