MGE Energy launches public offering of 3.3M shares; forward sale at $72.9094

MGE ENERGY INC

Total offering 3,300,331 shares: 990,099 shares sold directly, 2,310,232 via forward sale agreements.
Forward price initially $72.9094/share; physical settlement at Company's discretion by Jan 8, 2028.
Net proceeds for general corporate purposes, including short-term debt repayment, capex, investments.
Forward price adjusts by Overnight Bank Funding Rate minus 0.75% spread; subject to dividend reductions.
No immediate proceeds from forward-sold shares; dilution only if settlement price exceeds adjusted forward price.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.