---
schema_version: "secwatch.filing_event.v1"
accession: "0001108426-25-000094"
form_type: "8-K"
ticker: "TXNM"
cik: "0001108426"
company_name: "TXNM ENERGY INC"
filed_at: "2025-08-15T23:59:59+00:00"
generated_at: "2026-05-17T12:19:20.863283+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# TXNM Energy enters $200M ATM common stock offering program

## Summary
- August 15, 2025 Distribution Agreement for up to $200M in common stock at-the-market offerings.
- Sales agents include BofA Securities, MUFG Americas, RBC Capital Markets, Scotia Capital (USA).
- Commissions up to 2% of gross sales price; forward purchasers may borrow shares for hedging.
- Company may also enter forward stock purchase transactions; proceeds only upon physical settlement.
- Legal opinion on share legality filed as Exhibit 5.1.

## SEC filing metadata
- accession: 0001108426-25-000094
- form_type: 8-K
- ticker: TXNM
- cik: 0001108426
- company_name: TXNM ENERGY INC
- filed_at: 2025-08-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108426/000110842625000094/0001108426-25-000094-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1108426/000110842625000094/pnm-20250815.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001108426-25-000094
- JSON: https://secwatch.observer/filing/0001108426-25-000094.json
- Plain text: https://secwatch.observer/filing/0001108426-25-000094.txt

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