secwatch.observer — SEC 8-K summary
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Issuer:     PINNACLE WEST CAPITAL CORP (PNW)
CIK:        0000764622
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0001104659-24-115857
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pinnacle West enters $900M at-the-market equity distribution agreement
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- Equity Distribution Agreement allows sale of up to $900M of common stock via ATM or block transactions.
- Company may also enter forward sale agreements for borrowed shares; proceeds received upon physical settlement.
- Net proceeds will fund APS capital expenditures, repay commercial paper, or for general corporate purposes.
- Managers include BofA Securities, Barclays, J.P. Morgan, Mizuho, MUFG, TD, Truist, and Wells Fargo; commission up to 1%.
- Agreement effective November 8, 2024; no obligation to sell any shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764622/000110465924115857/0001104659-24-115857-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764622/000110465924115857/tm2427616d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-115857

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