{"schema_version":"secwatch.filing_event.v1","accession":"0001108426-26-000010","form_type":"8-K","ticker":"TXNM","cik":"0001108426","company_name":"TXNM ENERGY INC","filed_at":"2026-03-03T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.548447+00:00","generated_at":"2026-05-15T21:59:37.883670+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"confidence":"high","headline":"TXNM Energy enters $125M at-the-market equity distribution agreement","bullets":["Company may sell up to $125M of common stock through BofA, MUFG and Scotia Capital as sales agents.","Sales may be made via ATM offerings on NYSE or privately negotiated transactions; commissions up to 2%.","Also may enter forward purchase transactions with Bank of America, MUFG and Bank of Nova Scotia.","Company not obligated to sell any shares; proceeds expected only upon physical settlement of forward agreements.","Agreement filed as Exhibit 10.1; legal opinion of Associate General Counsel also included."],"urls":{"canonical":"https://secwatch.observer/filing/0001108426-26-000010","json":"https://secwatch.observer/filing/0001108426-26-000010.json","markdown":"https://secwatch.observer/filing/0001108426-26-000010.md","text":"https://secwatch.observer/filing/0001108426-26-000010.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1108426/000110842626000010/0001108426-26-000010-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1108426/000110842626000010/pnm-20260303.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T21:59:37.883670+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":"0c6d5abd23ab9ddb10ac3bbaac3c8b6a97846736","claim":"TXNM ENERGY INC entered into Distribution Agreement with BofA Securities, Inc., MUFG Securities Americas Inc. and Scotia Capital (USA) Inc. (each, a \"Sales Agent\" and collectively, the \"Sales Agents\") and Bank of America, N.A., MUFG Securities EMEA plc and The Bank of Nova Scotia, as Forward Purchasers valued at $125 million (effective 2026-03-03).","evidence_excerpt":"On March 3, 2026, TXNM Energy, Inc. (the “Company”) entered into a Distribution Agreement (the “Distribution Agreement”) with BofA Securities, Inc., MUFG Securities Americas Inc. and Scotia Capital (USA) Inc. (each, a “Sales Agent” and collectively, the “Sales Agents”) and Bank of America, N.A., MUFG Securities EMEA plc and The Bank of Nova Scotia, 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 $125 million of its common stock, no par value (the “Shares”), through the Sales Agents.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1108426/000110842626000010/0001108426-26-000010-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., MUFG Securities Americas Inc. and Scotia Capital (USA) Inc. (each, a \"Sales Agent\" and collectively, the \"Sales Agents\") and Bank of America, N.A., MUFG Securities EMEA plc and The Bank of Nova Scotia, as Forward Purchasers"},{"label":"Value","value":"$125 million"},{"label":"Effective","value":"2026-03-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}