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AI brief of an SEC Form 8-K · Black Hills (BKH)

Black Hills Corp. amends at-the-market share program, resetting size to $400 million

Neutral Impact 3 of 5 financing Written later

Black Hills Corporation entered into a First Amendment to its equity distribution sales agreement on May 8, 2025. The amendment continues the at-the-market share program and resets its size to up to $400 million in aggregate gross sales price, superseding the prior limit under the June 16, 2023 agreement. The filing describes a financing mechanism that allows the company to sell common stock over time, which could dilute existing shareholders depending on how much is sold.

Key points

  • First Amendment dated May 8, 2025 resets the at-the-market program to up to $400,000,000 in aggregate gross sales price
  • Existing agreement was entered into June 16, 2023; all other terms remain in effect except as modified
  • Affiliates of several agents are lenders under certain existing credit facilities and may receive proceeds used to repay borrowings

The filing

CompanyBlack Hills (BKH)
Form8-K, current report
Filed with the SECMay 8, 2025, 4:55 PM ET
Accession number0001104659-25-046204

Items reported: 1.01 Material Definitive Agreement

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 08, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.