Every 424B that MGE Energy Inc (MGEE) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow MGEE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MGEE filings page.
MGE Energy, Inc. is registering 3,300,331 shares of common stock and offering 990,099 shares directly, with an aggregate of 2,310,232 additional shares to be delivered by forward sellers under forward sale agreements. At an initial public offering price of $75.75 per share, the underwriters will pay $72.9094 per share to the issuer for shares sold directly by MGE, and the filing describes forward sale mechanics that may result in physical settlement, cash settlement, or net share settlement no later than approximately 20 months after the prospectus supplement date. The company expects initial net proceeds to be approximately $72.2 million before expenses and, assuming full physical settlement of the forward sales at the initial forward sale price, aggregate net proceeds to the company of approximately $168.4 million. The prospectus supplement details dilution, underwriting arrangements, FINRA Rule 5121 conflict-of-interest compliance, and forward purchaser acceleration and settlement rights.
MGE Energy, Inc. is offering common stock in a mixed transaction totaling $250,000,000, consisting of $75,000,000 of shares offered and sold by the company and $175,000,000 of shares to be sold by forward sellers under forward sale agreements.
The prospectus supplement describes forward sale agreements with Morgan Stanley, BofA and J.P. Morgan that contemplate physical settlement within approximately 20 months, with alternative cash or net share settlement mechanics and price adjustments tied to a floating interest factor and expected dividends. The filing shows 36,756,422 shares issued and outstanding as of May 5, 2026 and uses proceeds for general corporate purposes.
MGE Energy, Inc. filed a prospectus supplement registering the offer and sale of common stock having an aggregate offering price of up to $100,000,000 under an at-the-market equity distribution agreement dated February 24, 2026.
The company may sell shares from time to time through Guggenheim Securities, LLC and Morgan Stanley & Co. LLC as sales agents or to them as principals, with commissions up to 2.0%. The prospectus notes 36,563,899 shares outstanding as of February 20, 2026 and a pro forma outstanding share example of up to 37,790,892 shares assuming sales at $81.50 per share.