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TXNM 424B2: Secondary offering

Filed with the SEC on · accession 0001108426-26-000056

TXNM filed a 424B2 (prospectus (offering)) with the SEC on Sep 1, 2026. The final terms of an offering of shares or bonds. The stock moved +0.4% by the first close after the filing.

Summary of the filing

TXNM Energy Inc. is offering 7,079,646 shares of common stock at $56.50 per share, with total proceeds of approximately $396 million before expenses, through an underwritten public offering.

For details, click here →How to read a 424B2 →

Key details

shares offered$7.1M
offer price per share$57
total public offering value$400.0M
underwriting discounts and commissions$4.0M
proceeds before expenses to issuer$396.0M
UnderwriterWells Fargo Securities

How TXNM stock reacted

Close before

$57.61

Aug 31, 2026

First close after

+0.42%

$57.85

5 trading days

+0.83%

$58.09

Since filing

+1.06%

$58.22

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Frequently asked questions

What did TXNM file with the SEC on Sep 1, 2026?

TXNM filed a 424B2 (Secondary offering). TXNM Energy Inc. is offering 7,079,646 shares of common stock at $56.50 per share, with total proceeds of approximately $396 million before expenses, through an underwritten public offering.

What does a secondary offering mean for TXNM stock?

New shares dilute existing holders and are often sold at a discount to the market price.

How do I read a 424B2?

The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B2 (prospectus (offering)): The final terms of an offering of shares or bonds.

How did TXNM stock react to this filing?

TXNM closed at $57.61 before the filing and $57.85 on Sep 1, 2026 (+0.42%). Five trading days later: $58.09 (+0.83%).

Other TXNM SEC filings

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