BKV (BKV) said late Wednesday it closed a public offering of 6.9 million common shares at $26 apiece for net proceeds of $170.3 million.
The offering comprised 0.9 million shares exercised by underwriters under an overallotment option, according to a statement.
Net proceeds will be used with cash on hand to fund the acquisition of a controlling interest in the BKV-BPP Power joint venture, to cover related costs, and for general corporate purposes, the company said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments