Kinetik Holdings (KNTK) Announces 6M Share Secondary Offering
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Kinetik Announces Secondary Offering of Common Stock
December 11, 2023 4:06 PM ESTHOUSTON & MIDLAND, Texas--(BUSINESS WIRE)-- Kinetik Holdings Inc. (NYSE: KNTK) (Kinetik or the Company) announced today the commencement of an underwritten secondary offering of 6,000,000 shares of its Class A common stock (the Offering) by Apache Midstream LLC (the Selling Stockholder), a subsidiary of Apache Corporation. Kinetik is not selling any shares of Class A common stock in the Offering and will not receive the proceeds from any sale of shares by the Selling Stockholder. In connection with the Offering, the Selling Stockholder intends to grant to the underwriters a 30-day option to... More
