secwatch.observer — SEC 8-K summary
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Issuer:     BLACK HILLS CORP /SD/ (BKH)
CIK:        0001130464
Form:       8-K
Filed at:   2023-06-20T23:59:59+00:00
Accession:  0001104659-23-072376
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 1.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Black Hills enters new $400M at-the-market equity program, replacing prior facility
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- New Equity Distribution Sales Agreement allows up to $400M in common stock sales through agents including BMO, BofA, MUFG, Mizuho, RBC.
- Approximately $260M of shares were issued under the terminated prior sales agreement entered in August 2020.
- Company may also sell through forward sale agreements with forward purchasers; receives proceeds upon physical settlement.
- Agents entitled to commission up to 2% of gross offering proceeds; no obligation to sell shares.
- Program replaces previous shelf registration approaching expiration; new shelf filed June 16, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1130464/000110465923072376/0001104659-23-072376-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1130464/000110465923072376/tm2318712d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-072376

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