---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-214717"
form_type: "8-K"
ticker: "MGEE"
cik: "0001161728"
company_name: "MGE ENERGY INC"
filed_at: "2026-05-08T23:59:59+00:00"
generated_at: "2026-05-14T19:48:10.560675+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-214717
- form_type: 8-K
- ticker: MGEE
- cik: 0001161728
- company_name: MGE ENERGY INC
- filed_at: 2026-05-08T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1161728/000119312526214717/0001193125-26-214717-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1161728/000119312526214717/mgee-20260506.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-214717
- JSON: https://secwatch.observer/filing/0001193125-26-214717.json
- Plain text: https://secwatch.observer/filing/0001193125-26-214717.txt

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