{"schema_version":"secwatch.filing_event.v1","accession":"0001108426-24-000046","form_type":"8-K","ticker":"TXNM","cik":"0001108426","company_name":"TXNM ENERGY INC","filed_at":"2024-05-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.314655+00:00","generated_at":"2026-06-02T21:42:07.486376+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"PNM Resources enters into $100M at-the-market stock distribution agreement","bullets":["Up to $100M of common stock may be sold through agents in at-the-market offerings.","Sales agents include BofA Securities, Citigroup, MUFG, RBC, Scotia, and Wells Fargo.","Company may also enter forward sale agreements with Forward Purchasers.","Proceeds will be received upon physical settlement of forward agreements if used.","No duty to sell; actual sales depend on market conditions and capital needs."],"urls":{"canonical":"https://secwatch.observer/filing/0001108426-24-000046","json":"https://secwatch.observer/filing/0001108426-24-000046.json","markdown":"https://secwatch.observer/filing/0001108426-24-000046.md","text":"https://secwatch.observer/filing/0001108426-24-000046.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000046/0001108426-24-000046-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000046/pnm-20240506.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T21:42:07.486376+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"229ea21a95c56f66d4cb3c758d84d5a1ff1a84c5","claim":"TXNM ENERGY INC entered into Distribution Agreement with BofA Securities, Inc., Citigroup Global Markets Inc., MUFG Securities Americas Inc., RBC Capital Markets, LLC, Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC, as Sales Agents; and Bank of America, N.A., Citibank, N.A., MUFG Securities EMEA plc, Royal Bank of Canada, The Bank of Nova Scoti valued at up to an aggregate sales price of $100 million (effective 2024-05-06).","evidence_excerpt":"On May 6, 2024, PNM Resources, Inc. (the “Company”) entered into a Distribution Agreement (the “Distribution Agreement”) with BofA Securities, Inc., Citigroup Global Markets Inc., MUFG Securities Americas Inc., RBC Capital Markets, LLC, Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC (each, a “Sales Agent” and collectively, the “Sales Agents”) and Bank of America, N.A., Citibank, N.A., MUFG Securities EMEA plc, Royal Bank of Canada, The Bank of Nova Scotia and Wells Fargo Bank, N.A., as Forward Purchasers (each, a “Forward Purchaser” and collectively, the “Forward Purchasers”), pursuant to which the Company may sell, from time to time, up to an aggregate sales price of $100 million of its common stock","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842624000046/0001108426-24-000046-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"atm program"},{"label":"Counterparty","value":"BofA Securities, Inc., Citigroup Global Markets Inc., MUFG Securities Americas Inc., RBC Capital Markets, LLC, Scotia Capital (USA) Inc. and Wells Fargo Securities, LLC, as Sales Agents; and Bank of America, N.A., Citibank, N.A., MUFG Securities EMEA plc, Royal Bank of Canada, The Bank of Nova Scoti"},{"label":"Value","value":"up to an aggregate sales price of $100 million"},{"label":"Effective","value":"2024-05-06"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}