secwatch.observer — SEC 8-K summary
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Issuer:     BXP, Inc. (BXP)
CIK:        0001037540
Form:       8-K
Filed at:   2023-05-18T23:59:59+00:00
Accession:  0001193125-23-147205
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Boston Properties files new $600M ATM equity program, replaces expiring shelf
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- New $600M 'at the market' equity offering program replaces prior $600M program expiring May 22, 2023.
- Program has a 3-year term; shares sold via 13 sales agents including BofA, Citi, J.P. Morgan, Morgan Stanley.
- May also engage forward sale transactions with separate forward purchasers to borrow and sell shares.
- Per-agency commission capped at 2.0% of gross sales price; forward sale commission similarly capped at 2.0%.
- Also filed new automatic shelf for Dividend Reinvestment and Stock Purchase Plan replacing expiring one.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1037540/000119312523147205/0001193125-23-147205-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1037540/000119312523147205/d414078d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-147205

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer