OGE · 10-Q · 2026Q1 · Full report
Forward Sale Agreements (FSAs)
OGE ENERGY CORP. · 2026-04-29 · Importance 68 · Surprise 42
In November 2025, OGE Energy entered into forward sale agreements (FSAs) tied to its public offering of 9,226,744 shares of common stock, with 4,613,372 shares subject to FSA settlement through May 27, 2027.,The forward sale price was initially $41.71 per share and is subject to adjustment based on a floating interest rate factor and expected dividends during the outstanding period.,Management discloses these FSAs as part of financing plans and potential sources of equity proceeds available through mid-2027.
Key facts
- The forward sale price for the FSAs was initially $41.71 per share and is subject to adjustment based on a floating interest rate factor equal to the overnight bank funding rate less a spread and less expected dividends during the period the instruments are outstanding.
- Of the 9,226,744 shares from the November 2025 public offering, 4,613,372 shares are subject to FSAs providing for settlement on or prior to May 27, 2027 at OGE Energy's discretion.
- In November 2025, OGE Energy entered into forward sale agreements in connection with a completed public offering of 9,226,744 shares of its common stock.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | realized | — | In November 2025, OGE Energy entered into forward sale agreements in connection with a completed public offering of 9,226,744 shares of… |