---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-270806"
form_type: "8-K"
ticker: "PCG"
cik: "0001004980"
company_name: "PG&E Corp"
filed_at: "2024-12-04T23:59:59+00:00"
generated_at: "2026-05-29T08:01:29.009990+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# PG&E Corporation launches $2.4B combined public offerings of common and mandatory convertible preferred stock

## Summary
- Sold 48.66 million shares of common stock at $20.55 per share for approximately $1B in common offering.
- Issued 28 million shares of mandatory convertible preferred stock at $50 per share for $1.4B.
- Preferred stock carries 6.000% annual dividend and automatically converts into common stock on or around December 1, 2027.
- Net proceeds of approximately $2.354B will be used to fund PG&E's five-year capital investment plan.
- Joint book-running managers include J.P. Morgan, Barclays, and Citigroup.

## SEC filing metadata
- accession: 0001193125-24-270806
- form_type: 8-K
- ticker: PCG
- cik: 0001004980
- company_name: PG&E Corp
- filed_at: 2024-12-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1004980/000119312524270806/0001193125-24-270806-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/75488/000119312524270806/d862092d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-270806
- JSON: https://secwatch.observer/filing/0001193125-24-270806.json
- Plain text: https://secwatch.observer/filing/0001193125-24-270806.txt

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