BKV Corporation Announces Effectiveness of Form S-3 Registration Statement

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No Offer of New Securities; Registration Fulfills Previously Disclosed Contractual Obligation Related to BKV-BPP Power Joint Venture Transaction

DENVER--(BUSINESS WIRE)-- BKV Corporation (“BKV” or the “Company”) (NYSE: BKV) today announced the Form S-3 resale registration statement filed with the U.S. Securities and Exchange Commission on August 20, 2026, covering 5,315,390 shares of BKV common stock held by Banpu Power US Corporation (“BPPUS”), a wholly owned subsidiary of Banpu Public Company Limited (“Banpu”), the ultimate parent company of BKV and BKV’s majority stockholder, Banpu North America Corporation.

The registration statement fulfills BKV’s previously disclosed contractual obligations under the Registration Rights Agreement entered into with BPPUS in connection with BKV’s acquisition of an additional 25% interest in BKV-BPP Power LLC on January 30, 2026. As consideration for the transaction, BPPUS received approximately $115.1 million in cash and 5,315,390 shares of BKV common stock. Those shares were subject to a 180-day lock-up period following the closing of the transaction.

The Form S-3 became effective automatically upon filing, registers the 5,315,390 shares of BKV common stock issued to BPPUS for potential resale, and provides BPPUS the ability to sell registered shares from time to time. However, the shares of common stock registered pursuant to the registration statement are not required to be sold, and the filing does not necessarily indicate that any stockholder intends to sell its shares of common stock. BKV is not offering or selling any shares pursuant to the registration statement and will not receive any proceeds from any future sale of the shares held BPPUS.

“The S-3 resale registration reflects the implementation of registration rights established when we completed the Power JV transaction earlier this year,” said Chris Kalnin, BKV’s Chief Executive Officer. “Banpu has been a committed partner in BKV’s development and growth, and we continue to value that long-standing relationship as we execute our strategy and work to create long-term value for all BKV shareholders.”

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The Form S-3 registration statement and BKV’s previously filed disclosures regarding the BKV-BPP Power Joint Venture transaction are available on the SEC’s website and through BKV’s investor relations website at ir.bkv.com.

About BKV Corporation

BKV Corporation (NYSE: BKV) is a forward-thinking, growth-driven energy company focused on the sustainable development and delivery of low-carbon energy solutions and baseload power. As the largest natural gas producer by gross operated volume in the Barnett Shale, BKV is strategically expanding an end-to-end value chain that leverages its assets in upstream production, midstream infrastructure, natural gas-fired power generation and carbon capture, utilization and storage (CCUS). Through this innovative, closed-loop approach, BKV solves customers’ toughest energy challenges, meeting growing power demand and enabling sustainable growth for the future. Headquartered in Denver, Colorado, BKV is committed to driving long-term, risk adjusted shareholder value by optimizing and scaling our closed-loop energy platform for a carbon neutral future. For more information, visit the BKV website at www.bkv.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. Examples of such statements include statements regarding potential resales of common stock under the registration statement. These statements are based on management’s current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. BKV undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

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Investor Contacts
BKV Corporation
investorrelations@bkvcorp.com

Source: BKV Corporation

Released August 24, 2026