Kodiak Gas Services (KGS) announced the underwritten public offering of 9,762,573 shares of its common stock by Frontier TopCo Partnership, an affiliate of the funds known as EQT Infrastructure III and EQT Infrastructure IV. Kodiak will not sell any shares of its common stock in the Offering and will not receive any proceeds from the sale of the shares of its common stock being offered by the Selling Stockholder. The Offering is subject to market and other conditions, and there can be no assurance as to whether or when the Offering may be completed. Following the Offering, the Selling Stockholder will not beneficially own any shares of the Company’s common stock, other than de minimis amounts held or owned from time to time in the ordinary course of business. As a result, the Company’s Stockholders’ Agreement with the Selling Stockholder will terminate pursuant to its terms and the Selling Stockholder will no longer have the right to nominate members to the Company’s Board of Directors in accordance with the terms of the Stockholders’ Agreement. Goldman Sachs & Co. is acting as the sole underwriter for the Offering. The underwriter proposes to offer the shares of common stock purchased from the Selling Stockholder to the public at a fixed price, which may be changed at any time without notice.
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