other material
confidence high
sentiment neutral
materiality 0.60
Southwest Gas Holdings launches $340M ATM equity offering program
Southwest Gas Holdings, Inc.
- Entered Equity Distribution Agreement with J.P. Morgan and Wells Fargo as sales agents for ATM program.
- May sell up to $340M of common stock; amount carried forward from prior program.
- Agents receive 1.0% commission on gross sales price; sales executed on NYSE as at-the-market offerings.
- Company may suspend or terminate program at any time; no obligation to sell any shares.
- Shares offered under shelf registration statement effective November 28, 2023.