BKV Corporation Completes $170.3M Public Offering of Common Stock

BKV Corporation has closed a public offering of 6.9 million shares of common stock at $26.00 per share, raising approximately $170.3 million in net proceeds. The company plans to use the proceeds to pay for the acquisition of a controlling interest in BKV-BPP Power, LLC, and for general corporate purposes. Citigroup, Barclays, and Mizuho acted as joint book-running managers for the offering.