Kodiak Gas Services Inc. announced the closing of a sale of 3.22 million shares of its common stock by an affiliate of EQT Infrastructure III and IV, under Rule 144. Kodiak did not receive proceeds from this sale. Concurrently, Kodiak repurchased $10 million of its common stock from the selling stockholder at the same price per share as the Rule 144 sale, as part of its $50 million share repurchase program. Following this transaction, approximately $15 million remains available in the repurchase program.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.