secwatch.observer — SEC 8-K summary
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Issuer:     PINNACLE WEST CAPITAL CORP (PNW)
CIK:        0000764622
Form:       8-K/A
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0001104659-24-115962
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pinnacle West enters $900M ATM equity distribution agreement with multiple banks
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- Up to $900M in common stock may be sold at-the-market through agents or forward sellers.
- Commissions of up to 1% of gross proceeds for Managers and Forward Sellers.
- Proceeds to fund APS capex, repay commercial paper, or for general corporate purposes.
- Company may also enter forward sale agreements; initial proceeds from borrowed shares not received.
- No obligation to sell; program terminates upon sale of all shares or termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/764622/000110465924115962/0001104659-24-115962-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/764622/000110465924115962/tm2427616d3_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-115962

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