secwatch.observer — SEC 8-K summary
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Issuer:     HAWAIIAN ELECTRIC INDUSTRIES INC (HE)
CIK:        0000354707
Form:       8-K
Filed at:   2024-09-24T23:59:59+00:00
Accession:  0001104659-24-102437
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/354707/000110465924102437/0001104659-24-102437-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/46207/000110465924102437/tm2424533d3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-102437

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