IPO - HECLA MINING CO/DE/

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Form Type: 8-K

Filing Date: 2025-02-14

Corporate Action: Ipo

Type: New

Accession Number: 000143774925004045

Filing Summary: Hecla Mining Company reported on February 14, 2025, regarding an Equity Distribution Agreement which allows the company to offer and sell shares of its common stock. As per the agreement, Hecla has the option to sell up to 60,000,000 shares, with 23,843,684 shares already sold. The remaining 36,156,316 shares are registered under the Securities Act pursuant to the company's shelf registration, allowing for potential future sales. The sales will be conducted through agents at a commission rate of 1.5% on gross proceeds. This filing includes a legal opinion related to the shares as an attached exhibit.

Document Link: View Document

Additional details:

Equity Distribution Agreement Date: 2021-02-18

Equity Distribution Agents: BMO Capital Markets Corp., Scotia Capital (USA) Inc., BofA Securities, Inc., B. Riley Securities, Inc., Canaccord Genuity LLC, Cantor Fitzgerald & Co. Inc., CIBC World Markets Corp., UBS Securities LLC, Goldman Sachs & Co. LLC, H.C. Wainwright & Co., LLC, J.P. Morgan Securities LLC, RBC Capital Markets, LLC, Roth Capital Partners, LLC

Total Shares Available: 60000000

Shares Sold To Date: 23843684

Remaining Shares: 36156316

Commission Rate: 1.5%

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