Spire Inc. Expands Agreement for $200M Equity Distribution

Spire Inc (SR) has released an update to notify the public and investors about an entry into a material definitive agreement.

Spire Inc. has updated its equity distribution agreement, now called the Current Equity Distribution Agreement, by adding new managers and forward purchasers, and resetting the available aggregate offering price for its common stock to $200 million. This move allows the company to continue offering shares at its discretion through a diverse group of financial institutions. The agreement is supported by an effective shelf registration statement, ensuring compliance with the Securities Act of 1933. These institutions have previously provided various banking and advisory services to Spire Inc., for which they’ve received standard fees.

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For a comprehensive understanding of the announcement, you can read the full document here.