Kodiak Gas Services Announces Public Offering of Common Stock by Selling Stockholder
December 12 2024 - 7:12AM
Business Wire
Kodiak Gas Services, Inc. (NYSE: KGS) (“Kodiak” or the
“Company”) today announced the underwritten public offering (the
“Offering”) of 5,500,000 shares of its common stock by an affiliate
of the funds known as EQT Infrastructure III and EQT Infrastructure
IV (the “selling stockholder”). Kodiak will not sell any shares of
its common stock in the Offering and will not receive any proceeds
from the sale of the shares of its common stock being offered by
the selling stockholder. The Offering is subject to market and
other conditions, and there can be no assurance as to whether or
when the Offering may be completed.
Goldman Sachs & Co. LLC and J.P. Morgan are acting as the
underwriters for the Offering. The Offering will be made only by
means of a prospectus supplement and the accompanying base
prospectus, which was filed as part of an automatic shelf
registration statement on Form S-3 (File No. 333-280737), which was
filed with the Securities and Exchange Commission (the “SEC”) and
became effective on July 10, 2024. Before you invest, you should
read the prospectus in that registration statement and other
documents the Company has filed with the SEC for more complete
information about the Company and the Offering. Copies of the
preliminary prospectus supplement and accompanying base prospectus
relating to the Offering, as well as copies of the final prospectus
supplement once available, may be obtained for free on the SEC’s
website at www.sec.gov or by contacting: Goldman Sachs & Co.
LLC, Prospectus Department, 200 West Street, New York, NY 10282,
telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing
Prospectus-ny@ny.email.gs.com; and J.P. Morgan Securities LLC, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
NY 11717, by email at prospectus-eq_fi@jpmchase.com and
postsalemanualrequests@broadridge.com.
There shall not be any sale of these securities in any state or
jurisdiction in which an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Kodiak
Kodiak is the largest contract compression services provider in
the United States, serving as a critical link in the infrastructure
that enables the safe and reliable production and transportation of
natural gas and oil. Headquartered in The Woodlands, Texas, Kodiak
provides contract compression and related services to oil and gas
producers and midstream customers in high–volume gas gathering
systems, processing facilities, multi-well gas lift applications
and natural gas transmission systems.
Forward-Looking Statements
This press release includes “forward-looking statements” for
purposes of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995, Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended. Forward-looking statements are statements other
than statements of historical fact. Forward-looking statements can
be identified by words such as: “anticipate,” “intend,” “plan,”
“goal,” “seek,” “believe,” “project,” “estimate,” “expect,”
“strategy,” “future,” “likely,” “may,” “should,” “will” and similar
references to future periods. They include statements regarding the
Offering, including the completion thereof. Although Kodiak
believes the expectations and forecasts reflected in the
forward-looking statements are reasonable, Kodiak can give no
assurance they will prove to have been correct. They can be
affected by inaccurate or changed assumptions or by known or
unknown risks and uncertainties. Important risks, assumptions and
other important factors that could cause future results to differ
materially from those expressed in the forward-looking statements
are described under “Risk Factors” in Item 1A of Kodiak’s annual
report on Form 10-K for the year ended December 31, 2023 and any
updates to those factors set forth in Kodiak’s subsequent quarterly
reports on Form 10-Q or current reports on Form 8-K. Kodiak
undertakes no obligation to release publicly any revisions to any
forward-looking statements, to report events or to report the
occurrence of unanticipated events.
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version on businesswire.com: https://www.businesswire.com/news/home/20241212263190/en/
Investor Contact: Graham Sones, VP – Investor Relations
ir@kodiakgas.com (936) 755-3529
Kodiak Gas Services (NYSE:KGS)
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