---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-102437"
form_type: "8-K"
ticker: "HE"
cik: "0000354707"
company_name: "HAWAIIAN ELECTRIC INDUSTRIES INC"
filed_at: "2024-09-24T23:59:59+00:00"
generated_at: "2026-05-31T02:12:12.055188+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-102437
- form_type: 8-K
- ticker: HE
- cik: 0000354707
- company_name: HAWAIIAN ELECTRIC INDUSTRIES INC
- filed_at: 2024-09-24T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/354707/000110465924102437/0001104659-24-102437-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/46207/000110465924102437/tm2424533d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-102437
- JSON: https://secwatch.observer/filing/0001104659-24-102437.json
- Plain text: https://secwatch.observer/filing/0001104659-24-102437.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.