BKV (BKV) said late Monday that it has launched a public offering of 6 million shares, with Citigroup, Barclays and Mizuho as book-running managers.
The company said it plans to grant the underwriters a 30-day option to purchase up to an additional 900,000 shares.
Proceeds will be used to help fund the acquisition of a controlling interest in BKV-BPP Power, the firm said.
Shares of BKV were down over 5% in after-hours activity.
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