05:49 PM EST, 12/03/2025 (MT Newswires) -- 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.