---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-271513"
form_type: "8-K"
ticker: "PCG"
cik: "0001004980"
company_name: "PG&E Corp"
filed_at: "2024-12-05T23:59:59+00:00"
generated_at: "2026-05-29T06:56:19.270553+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# PG&E raises $1.61B through 6% Series A mandatory convertible preferred stock offering

## Summary
- Issued 28M shares of 6.000% Series A Mandatory Convertible Preferred Stock at $50 liquidation preference; overallotment option for 4.2M shares fully exercised.
- Dividends cumulative at 6% annually, payable quarterly starting March 1, 2025; may be paid in cash, common stock, or combination.
- Each share automatically converts into 1.9465–2.4331 shares of common stock around Dec 1, 2027, based on VWAP.
- Closing date December 5, 2024; filed certificate of determination with California Secretary of State.

## SEC filing metadata
- accession: 0001193125-24-271513
- form_type: 8-K
- ticker: PCG
- cik: 0001004980
- company_name: PG&E Corp
- filed_at: 2024-12-05T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1004980/000119312524271513/0001193125-24-271513-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/75488/000119312524271513/d917505d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-271513
- JSON: https://secwatch.observer/filing/0001193125-24-271513.json
- Plain text: https://secwatch.observer/filing/0001193125-24-271513.txt

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