TXNM Energy Inc. has notified holders of its 5.75% Junior Subordinated Convertible Notes due 2054 that the notes may be converted into common stock during the first quarter of 2026. The conversion period will begin on January 1, 2026, and end on March 31, 2026, with a conversion rate of 22.5248 shares per $1,000 principal amount of notes. Completion of the company’s pending merger remains subject to customary closing conditions, including the receipt of certain regulatory approvals. There is no assurance that the merger will be completed or that the associated make-whole fundamental change conversion right will be available in the future.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TXNM Energy Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001108426-26-000002), on January 02, 2026, and is solely responsible for the information contained therein.