IPO - AMERICAN ELECTRIC POWER CO INC

Form Type: 8-K

Filing Date: 2025-03-27

Corporate Action: Ipo

Type: New

Accession Number: 000119312525064250

Filing Summary: On March 24, 2025, American Electric Power Company, Inc. entered into forward sale agreements concerning 19,607,844 shares of its common stock with Citibank, N.A. and Barclays Bank PLC. The agreements were executed in relation to the company's anticipated public offering, which also includes an additional 2,941,176 shares pursuant to an underwriters' option exercised on March 25, 2025. The initial forward sale price is set at $99.756 per share. The proceeds from these sales will be received upon physical settlement of the Forward Sale Agreements, scheduled on or before December 31, 2026. The company has the right to elect different settlement methods and may face potential impacts from market conditions and interest rate fluctuations.

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