secwatch.observer — SEC 8-K summary
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Issuer:     NISOURCE INC. (NI)
CIK:        0001111711
Form:       8-K
Filed at:   2023-10-20T23:59:59+00:00
Accession:  0001193125-23-259566
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NiSource sets Nov 13-17 remarketing for up to 862,500 Series C Mandatory Convertible Preferred shares
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- Final remarketing period for Series C Mandatory Convertible Preferred Stock set for Nov 13-17, 2023.
- Company intends to remarket up to 862,500 shares of Series C Mandatory Convertible Preferred Stock.
- On March 1, 2024, each share automatically converts into 34.9107 to 41.0201 shares of NiSource common stock.
- If common stock closing price on pricing date ≤ $24.3783, minimum conversion rate increases.
- Dividends may become payable after successful remarketing; company will not receive proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1111711/000119312523259566/0001193125-23-259566-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1111711/000119312523259566/d559337d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-259566

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