HEI prices 54M-share common stock offering at $9.25/share to fund Maui wildfire settlement

HAWAIIAN ELECTRIC INDUSTRIES INC

Offering of 54,054,054 shares at $9.25 per share; expected net proceeds of approximately $485 million.
Underwriters granted option for up to an additional 8,108,108 shares.
Net proceeds to fund contribution to expected Maui wildfire tort litigation settlement and general corporate purposes.
Offering expected to close on September 25, 2024, subject to customary conditions.
Joint lead book-running managers: Wells Fargo Securities, Barclays Capital Inc., Guggenheim Securities, LLC.

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