KAAC - What does KAAC stand for? The Free Dictionary
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At closing, KAAC will be renamed Altus Midstream Company (together with Altus Midstream LP).
KAAC will contribute approximately USD 952m in cash at formation, which is composed of proceeds from KAAC's initial public offering of USD 380m and proceeds from the private placement of class A shares of USD 572m.
KAAC has entered into agreements to sell approximately 57.2m shares of its class A common stock at a price of USD 10 per share in a private placement.
) have announced an agreement pursuant to which Apache will contribute its midstream assets at Alpine High to Altus Midstream, a partnership jointly owned by Apache and KAAC
As soon as the securities comprising the units begin separate trading, the class A common stock and warrants will be listed on Nasdaq under the symbols 'KAAC
' and 'KAACW', respectively, the company added.