secwatch.observer — SEC 8-K summary
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Issuer:     TXNM ENERGY INC (TXNM)
CIK:        0001108426
Form:       8-K
Filed at:   2026-03-03T23:59:59+00:00
Accession:  0001108426-26-000010
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TXNM Energy enters $125M at-the-market equity distribution agreement
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1108426/000110842626000010/0001108426-26-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1108426/000110842626000010/pnm-20260303.htm
  HTML page:      https://secwatch.observer/filing/0001108426-26-000010

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