08:27 AM EDT, 03/11/2026 (MT Newswires) -- BKV (BKV) said Wednesday it priced an underwritten public offering of about 9.7 million shares of common stock to raise gross proceeds of about $261.7 million.

The offering includes 5.55 million shares being offered by BKV and about 4.14 million shares by selling stockholder Bedrock Energy Partners, the company said.

BKV granted the underwriter a 30-day option to purchase up to an additional 1.45 million shares on the same terms.

The company said it plans to use its net proceeds for general corporate purposes, including working capital, operating expenses and capital expenditures. It will not receive proceeds from the shares sold by Bedrock Energy Partners, BKV said.

Shares of BKV were 5.8% lower in premarket trading.