BKV Corporation Sets IPO Price at $18 per Share for 15 Million Shares

BKV Corporation has announced the pricing for its initial public offering (IPO) of 15,000,000 shares of common stock, set at $18.00 per share. The underwriters will have a 30-day option to acquire an additional 2,250,000 shares at the IPO price, minus underwriting discounts and commissions. The shares are scheduled to begin trading on the New York Stock Exchange on September 26, 2024, under the ticker symbol “BKV.” The offering is expected to close on September 27, 2024, pending customary closing conditions.

Citigroup and Barclays are serving as lead book-running managers for the offering, with Evercore ISI, Jefferies, and Mizuho acting as joint book-running managers. Other senior co-managers include KeyBanc Capital Markets, Susquehanna Financial Group, LLLP, TPH&Co., the energy division of Perella Weinberg Partners, and Truist Securities. Citizens JMP and SMBC Nikko are co-managers for the offering.

This offering is being conducted solely through a prospectus. Once available, the final prospectus can be obtained from Citigroup or Barclays Capital Inc. Contact information for these financial institutions is provided in the official release.

A registration statement pertaining to the offering was approved by the Securities and Exchange Commission (SEC) on September 25, 2024. This announcement does not constitute an offer to sell or a solicitation for an offer to buy, nor will there be any sale of these securities in any jurisdiction where such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws in that jurisdiction.