secwatch.observer — SEC 8-K summary
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Issuer:     PINNACLE WEST CAPITAL CORP (PNW)
CIK:        0000764622
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001104659-24-029037
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pinnacle West prices public offering of 9.77M shares at $66.50/share, net proceeds ~$630.5M
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- Offering of 9,774,436 shares at $66.50 per share; net proceeds ~$630.5M before expenses.
- Underwriters have option to purchase up to an additional 1,466,165 shares.
- Expected to close March 4, 2024; forward sale agreements settle by September 4, 2025.
- Proceeds to fund capital expenditures at Arizona Public Service and general corporate purposes.
- Joint book-runners: Barclays, Citigroup, Mizuho, Wells Fargo Securities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764622/000110465924029037/0001104659-24-029037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764622/000110465924029037/tm2330082d5_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-029037

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