Southern Company enters agreement to sell up to 50M common shares via forward transactions

SOUTHERN CO

Entered a Distribution Agreement with 16 sales agents and forward purchasers to sell up to 50M shares of common stock.
May use forward sale agreements: company initially receives no proceeds, but expects cash upon physical settlement.
Commissions payable to sales agents and forward sellers capped at 1.00% of the sales price per share.
Shares are registered under existing shelf registration (No. 333-296531); sales may be suspended at any time.
Collared forward transactions include floor and cap prices; dynamic hedging by forward purchasers may affect stock price.

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