EQT completes sale of common stock of Kodiak Gas Services pursuant to Rule 144
EQT has announced the completion of a significant stock sale involving Kodiak Gas Services (NYSE: KGS).
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Rhea-AI Summary
EQT has announced the completion of a significant stock sale involving Kodiak Gas Services (NYSE: KGS). Through an affiliate of EQT Infrastructure III and IV funds, the company sold approximately 3.7 million shares of Kodiak Gas Services common stock, generating gross proceeds of approximately USD 177 million. The transaction was executed on January 30, 2025, in accordance with Rule 144 of the Securities Act of 1933. Goldman Sachs & Co. served as the broker for this transaction.
Positive
- Generated USD 177 million in gross proceeds from stock sale
- Successfully liquidated 3.7 million shares of Kodiak Gas Services
Negative
- Reduction in ownership stake in Kodiak Gas Services
Details
News Market Reaction – EQT
The recorded move for EQT in the trading session of this news was -0.06%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
- The sale resulted in gross proceeds of c.
USD177 million
Contact
EQT Press Office, press@eqtpartners.com
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The following files are available for download:
EQT - Kodiak Rule 144 Sale - Press Release (3 Feb 2025) |
View original content:https://www.prnewswire.com/news-releases/eqt-completes-sale-of-common-stock-of-kodiak-gas-services-pursuant-to-rule-144-302366858.html
SOURCE EQT
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