secwatch.observer — SEC 8-K summary
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Issuer:     PINNACLE WEST CAPITAL CORP (PNW)
CIK:        0000764622
Form:       8-K
Filed at:   2024-03-04T23:59:59+00:00
Accession:  0001104659-24-030516
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pinnacle West enters forward sale agreements for 11.24M shares at $64.505/share
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- Forward sale agreements for 11,240,601 common shares; initial forward price $64.505.
- Settlement may occur at company's discretion up to September 4, 2025.
- Underwriters exercised option to purchase an additional 1,466,165 shares.
- Shares sold to underwriters on March 4, 2024; company to receive proceeds upon forward settlement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764622/000110465924030516/0001104659-24-030516-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764622/000110465924030516/tm2330082d7_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-030516

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