BKV Corp: enters $800,000,000 equipment supply contract

What happened BKV filed an 8-K reporting that on Oct 2, 2026 a wholly owned subsidiary entered into an equipment supply contract (the "Supply Contract") with a Tier 1 supplier to purchase power generation equipment, including two turbines and related services, for the company's prospective power generation project in Texas. The Supply Contract has an aggregate purchase price of approximately $800,000,000, with delivery of the equipment scheduled between Sep 2028 and May 2029. The filing also reports that on Oct 7, 2026 BKV issued a press release announcing the entry into the Supply Contract.

Key details

• Aggregate Contract Price: approximately $800,000,000.
• Reservation fee credit: $80,000,000 previously paid is credited against the Contract Price.
• Payment schedule: remainder payable in installments from Oct 2026 through Dec 2028; inclusive of the $80,000,000 credit, approximately $200,000,000 is due on or before Mar 31, 2027.
• Offtake/backstop: approximately 90% of the portion due on or before Mar 31, 2027 is covered by a backstop agreement with a leading investment grade hyperscaler that is the intended offtaker; if mutually agreeable offtake arrangements are not reached by Mar 31, 2027, BKV may terminate the Supply Contract for convenience with no further payment obligations.

Why it may matter This report is Item 1.01 (entry into a material definitive agreement) covering the Supply Contract for power generation equipment and related services, and Item 7.01 (Regulation FD disclosure) noting the press release. This filing does not show why the insider traded or why the company acted.