secwatch.observer — SEC 8-K summary
======================================

Issuer:     HA Sustainable Infrastructure Capital, Inc. (HASI)
CIK:        0001561894
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0001193125-23-269557
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.03, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HASI adopts tax-benefit preservation plan to protect $465M NOLs from ownership-change risk
--------------------------------------------------------------------------------

- Board declared a dividend of one right per share, payable Nov 21, 2023, to holders of common stock.
- Rights become exercisable if a person/group acquires 4.9% or more beneficial ownership without Board approval.
- Existing holders above 4.9% are grandfathered but cannot increase stake without triggering rights.
- Plan expires Nov 2, 2026, or earlier if stockholders do not approve by Nov 2, 2024.
- Company had $465M NOLs and $21M tax credits as of Dec 31, 2022, per the filing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1561894/000119312523269557/0001193125-23-269557-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1561894/000119312523269557/d526044d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-269557

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