Short answer
TXNM ENERGY INC (TXNM) filed an 8-K current report with the SEC on September 30, 2026 reporting Item 8.01 (Other Events). Convertible notes convertible October 1–December 31, 2026 at 22.5654 shares per $1,000, equivalent to $44.32 per share.
TXNM ENERGY INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 8.01 · Other Events
- Convertible notes convertible October 1–December 31, 2026 at 22.5654 shares per $1,000, equivalent to $44.32 per share
- Conversion triggered by common stock trading at least 130% of the conversion price on 20 of 30 quarter-end trading days
- Up to principal amount, holders receive illiquid 5.75% non-convertible junior subordinated notes due 2054 instead of cash or stock
- Excess conversion value delivered in common stock, with no cash consideration except for fractional shares
- Pending Blackstone-affiliated merger at $61.25 per share could create a separate 35-trading-day cash conversion right if consummated
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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