Selling stockholder of Kodiak Gas Services (KGS) completes 10M-share secondary sale
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Kodiak Gas Services, Inc. reported that Frontier TopCo Partnership, L.P., a selling stockholder, entered into an underwriting agreement with Goldman Sachs & Co. LLC for an offering of 10,000,000 shares of Kodiak common stock at $34.40 per share. This is a secondary sale by the selling stockholder, not a new issuance by the company.
The company did not sell any shares in this transaction and did not receive any of the proceeds from the sale. The offering closed on September 9, 2025. The underwriting agreement includes customary representations, warranties, closing conditions, termination provisions, and indemnification arrangements in favor of the underwriter.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
FAQ
What did Kodiak Gas Services, Inc. (KGS) disclose in this 8-K filing?
Kodiak Gas Services disclosed that a selling stockholder, Frontier TopCo Partnership, L.P., completed a secondary offering of 10,000,000 shares of Kodiak common stock under an underwriting agreement with Goldman Sachs & Co. LLC. The company itself did not sell shares or receive proceeds.
Who were the main parties involved in Kodiak Gas Services’ (KGS) secondary offering?
The transaction involved Kodiak Gas Services, Inc. as the issuer, Frontier TopCo Partnership, L.P. as the selling stockholder, and Goldman Sachs & Co. LLC as the underwriter. They entered into an underwriting agreement containing customary representations, warranties, conditions, and indemnification provisions.
When did the Kodiak Gas Services (KGS) secondary offering close?
The secondary offering of 10,000,000 Kodiak Gas Services common shares by Frontier TopCo Partnership, L.P. closed on September 9, 2025. The underwriting agreement governing the transaction was dated September 8, 2025, one day before the closing.
What indemnification arrangements are included in the Kodiak Gas Services (KGS) underwriting agreement?
Kodiak Gas Services and the selling stockholder agreed to indemnify Goldman Sachs & Co. LLC against certain liabilities. They also agreed to contribute to payments the underwriter may be required to make if such liabilities arise, which is a customary feature of underwriting agreements.