---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-277173"
form_type: "8-K"
ticker: "NI"
cik: "0001111711"
company_name: "NISOURCE INC."
filed_at: "2023-11-14T23:59:59+00:00"
generated_at: "2026-06-08T03:11:19.477524+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NiSource starts final remarketing of 862,500 Series C convertible preferred shares; conversion on March 1, 2024

## Summary
- Final remarketing of 862,500 Series C Mandatory Convertible Preferred Stock (liquidation preference $1,000/share) originally issued April 19, 2021 as part of equity units.
- Automatic conversion into NiSource common stock on March 1, 2024 at a rate between 34.9528 and 41.0695 shares per preferred share, subject to anti-dilution adjustments.
- If common stock closing price at remarketing pricing is ≤ $24.3490, minimum conversion rate increases to $1,000 divided by 117.5% of that closing price.
- Remarketing agents: Goldman Sachs, J.P. Morgan, Wells Fargo; co-agents: BofA, PNC, Scotiabank. Proceeds used to satisfy purchase contract obligations and remit remaining to holders.
- Dividends may become payable after successful remarketing; actual terms to be determined by NiSource and agents.

## SEC filing metadata
- accession: 0001193125-23-277173
- form_type: 8-K
- ticker: NI
- cik: 0001111711
- company_name: NISOURCE INC.
- filed_at: 2023-11-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1111711/000119312523277173/0001193125-23-277173-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1111711/000119312523277173/d298816d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-277173
- JSON: https://secwatch.observer/filing/0001193125-23-277173.json
- Plain text: https://secwatch.observer/filing/0001193125-23-277173.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.