# TXNM ENERGY INC (TXNM) — capital_raise/public_offering [pending]
Source: sec.gov · situation sit_c133674d8575a425c0a6 · public 6672658988588979204 · retrieved 2026-09-03T12:09:21.275Z

## Overview
TXNM Energy, Inc. is an energy holding company based in Albuquerque, New Mexico, that delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM.

TXNM Energy, Inc. entered into an underwriting agreement with Wells Fargo Securities, LLC on August 31, 2026, to issue and sell 7,079,646 shares of common stock at a purchase price of $55.935 per share in an underwritten public offering. The offering closed on September 2, 2026, and the company received net proceeds of approximately $396 million after deducting underwriting discounts, commissions, and estimated offering expenses. The company intends to use the net proceeds to repay borrowings under its $400 million term loan agreement.

## Terms
- Counterparty: Wells Fargo Securities, LLC · Deal value: $396.0M · Consideration: cash · Price/share: $55.935

## Key dates
- Announced 2026-09-02

## Timeline
- 2026-09-02 · 8-K (0001108426-26-000058): 8-K - TXNM ENERGY INC — *TXNM Energy, Inc. is an energy holding company based in Albuquerque, New Mexico, that delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM.* TXNM Energy, Inc. entered into an underwriting agreement with Wells Fargo Securities, LLC on August 31, 2026, to issue and sell 7,079,646 shares of common stock at a purchase price of $55.935 per share in an underwritten public offering. The offering closed on September 2, 2026, and the company received net proceeds of approximately $396 million after deducting underwriting discounts, commissions, and estimated offering expenses. The company intends to use the net proceeds to repay borrowings under its $400 million term loan agreement.
  https://www.sec.gov/Archives/edgar/data/1108426/0001108426-26-000058.txt

## Citations
- 0001108426-26-000058 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000110842626000058