secwatch.observer — SEC 8-K summary
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Issuer:     IDACORP INC (IDA)
CIK:        0001057877
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001057877-23-000064
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IDACORP enters forward sale agreement for 3.22M shares at $90.016/share
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- Aggregate of 3,221,982 shares subject to forward sale agreements with Morgan Stanley & Co. LLC.
- Initial forward price $90.016/share; settlement at IDACORP's discretion by November 7, 2024.
- Underwriters sold borrowed shares in public offering; proceeds deferred until physical settlement.
- Dilution to EPS occurs upon physical or net share settlement; no immediate EPS impact under treasury stock method unless market price exceeds forward price.
- Forward price subject to daily adjustment based on overnight bank funding rate minus 0.75% spread and expected dividends.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1057877/000105787723000064/0001057877-23-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1057877/000105787723000064/ida-20231107.htm
  HTML page:      https://secwatch.observer/filing/0001057877-23-000064

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