BKV completes $185M equity offering, issues 11M shares at $26.58 with full greenshoe exercise

Filed March 12, 2026 · Period ending March 10, 2026 · ~1 min read

Key Changes

• high

  BKV sold 5.55M new shares at $26.58/share, netting $185M after fees for working capital and capex. Existing shareholder Bedrock Energy Partners sold an additional 4.14M shares. The primary offering dilutes existing shareholders by adding new equity to the capital structure.

  Item 1.01: Underwriting Agreement verify on EDGAR →
• medium

  Underwriter RBC Capital Markets exercised full overallotment option for 1.45M additional shares at $26.58 on March 11. Full greenshoe exercise typically signals strong investor demand for the offering.

  Item 1.01: Option Exercise verify on EDGAR →
• high

  Net proceeds of $185.2M designated for general corporate purposes including working capital, operating expenses, and capital expenditures. No specific strategic project or acquisition identified for the capital raise.

  Item 1.01: Use of Proceeds verify on EDGAR →