Corporate ActionMay 15, 2026, 05:08 PM
CenterPoint Energy Launches $1B At-The-Market Equity Offering
AI Summary
CenterPoint Energy, Inc. entered into an Equity Distribution Agreement for an at-the-market (ATM) offering of its common stock. The program allows for the sale of shares with an aggregate gross sales price of up to $1 billion. This new agreement replaces a previous ATM program, under which approximately $84.9 million in common stock remained unsold at the time of termination. The company can sell shares directly through managers or via forward sale agreements.
Key Highlights
- CenterPoint Energy established a new at-the-market (ATM) equity offering program.
- The program allows for the sale of common stock with an aggregate gross sales price of up to $1 billion.
- The previous ATM program, with $84.9 million in unsold stock, was terminated.
- Sales can be made through managers or via forward sale agreements.
- Managers and forward sellers will receive commissions of up to 1% of the gross sales price.
- The agreement will terminate by May 15, 2029, or earlier upon full sale or termination.
Price Impact
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