secwatch.observer — SEC 8-K summary
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Issuer:     MGE ENERGY INC (MGEE)
CIK:        0001161728
Form:       8-K
Filed at:   2026-05-08T23:59:59+00:00
Accession:  0001193125-26-214717
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1161728/000119312526214717/0001193125-26-214717-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1161728/000119312526214717/mgee-20260506.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-214717

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