secwatch.observer — SEC 8-K summary
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Issuer:     ONE Gas, Inc. (OGS)
CIK:        0001587732
Form:       8-K
Filed at:   2023-09-14T23:59:59+00:00
Accession:  0001193125-23-235322
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ONE Gas enters into forward sale agreement for 1.2M shares at $73.67/share
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- Forward sale agreement with Bank of America for 1,200,000 shares of common stock at initial forward price $73.67 per share.
- Settlement expected by December 31, 2024; physical settlement would involve issuing shares at the applicable forward price.
- Underwriting agreement with BofA Securities for concurrent public offering of 1.2M borrowed shares; underwriter option for 180K additional shares.
- The forward price is adjusted daily by overnight bank funding rate minus 0.75% spread and reduced on specified dates.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1587732/000119312523235322/0001193125-23-235322-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1587732/000119312523235322/d505539d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-235322

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