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The latest update is out from Pnm Resources (PNM).
TXNM Energy, Inc. has significantly expanded its financial horizons by amending its Distribution Agreement, enabling it to increase the potential sale of its common stock from $100 million to a striking $300 million. This strategic move, made alongside a consortium of prestigious financial institutions, allows the company to further capitalize on market opportunities by potentially issuing more shares. Additionally, TXNM Energy has undergone a name change and authorized an increase in the number of its shares, signaling its readiness for growth and adaptation in the dynamic energy market. The company’s ticker symbol on the New York Stock Exchange has also changed to reflect its new identity.
See more data about PNM stock on TipRanks’ Stock Analysis page.
