---
schema_version: "secwatch.filing_event.v1"
accession: "0001108426-25-000102"
form_type: "8-K"
ticker: "TXNM"
cik: "0001108426"
company_name: "TXNM ENERGY INC"
filed_at: "2025-08-28T23:59:59+00:00"
generated_at: "2026-05-17T09:23:15.229953+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# TXNM shareholders approve $61.25/sh acquisition by Blackstone Infrastructure; 99.6% vote in favor

## Summary
- Over 92.9M shares voted for the merger (99.6% of votes cast; 88.2% of outstanding shares).
- Shareholders to receive $61.25 per share in cash at closing (unchanged from original deal terms).
- Closing expected in 2H 2026; regulatory approvals from NMPRC, PUCT, FERC, DOJ, NRC, FCC pending.
- Merger Agreement dated May 18, 2025, with Troy ParentCo LLC and Troy Merger Sub Inc.

## SEC filing metadata
- accession: 0001108426-25-000102
- form_type: 8-K
- ticker: TXNM
- cik: 0001108426
- company_name: TXNM ENERGY INC
- filed_at: 2025-08-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 5.07, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1108426/000110842625000102/0001108426-25-000102-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1108426/000110842625000102/pnm-20250828.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001108426-25-000102
- JSON: https://secwatch.observer/filing/0001108426-25-000102.json
- Plain text: https://secwatch.observer/filing/0001108426-25-000102.txt

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