other material
confidence high
sentiment neutral
materiality 0.65
IDACORP enters $300M at-the-market equity distribution agreement with forward sales
IDACORP INC
- Equity distribution agreement allows up to $300M aggregate gross sale price of common stock via ATM offerings.
- Agreement includes forward sale agreements: borrowing shares, selling through forward sellers, future physical settlement for proceeds.
- Managers and forward sellers each receive commission up to 1.250% of sales price.
- At annual meeting May 16, all 11 director nominees elected; say-on-pay and auditor ratification approved.