Southern Co launches $50M share ATM program with 16 banks, includes forward sale options

Filed June 8, 2026 · Period ending June 8, 2026 · ~1 min read

Key Changes

• high

  Southern Company can now sell up to 50 million common shares through an at-the-market program with 16 investment banks, representing potential dilution to existing shareholders at management's discretion based on capital needs.

  Item 1.01 view on EDGAR →
• high

  Sales agents will receive commissions up to 1.00% of the sales price per share. The company retains full control over timing and volume of any share sales under the program.

  Item 1.01 view on EDGAR →
• medium

  The program includes forward sale agreements where banks borrow and sell shares immediately, but Southern receives no proceeds until future settlement dates it chooses, allowing the company to lock in approximate pricing while deferring cash receipt.

  Item 1.01 view on EDGAR →