04:01 AM EST, 11/15/2024 (MT Newswires) -- Kodiak Gas Services ( KGS ) said Friday an underwritten public offering of 5.7 million shares of its common stock by an affiliate of the EQT Infrastructure III and EQT Infrastructure IV funds was priced at $34.50 per share.

The selling stockholder granted underwriters a 30-day option to purchase up to 856,332 additional shares.

Kodiak said it will not sell any shares and will not receive any proceeds in the offering, which is expected to close Nov. 18.

At closing, the company plans to purchase $15 million worth of common stock, or 434,783 shares, at the offering price from the selling stockholder in a private transaction.