Spire settles corporate unit conversion, issues 2.75M shares for $175M

SPIRE INC

Corporate unit conversion triggered by average VWAP of $58.68 (below $64.24 threshold), resulting in 0.7845 shares per $50 unit.
Holders purchased 2,745,750 common shares for $175M cash; settlement occurred March 5, 2024.
Proceeds will repay short-term borrowings and fund general corporate purposes.
Shares issued under Section 4(a)(2) exemption from registration; no public offering.

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