Emera Incorporated has officially renewed its at-the-market equity program, enabling the issuance of up to C$600 million in common shares from the treasury. This program allows the company to determine the timing and volume of shares sold at its discretion and is designed to provide enhanced financial flexibility.
The shares will be sold through multiple platforms, including the Toronto Stock Exchange and the New York Stock Exchange, among others. The renewal of the program is governed by a recently established equity distribution agreement with notable Canadian and U.S. agents, including BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., and Scotia Capital Inc., among others.
This program is set to remain effective until January 5, 2029, unless terminated sooner by the company. Emera plans to utilize any net proceeds generated from the ATM Program for general corporate purposes.
To facilitate transparency and inform potential investors, the company has also filed relevant prospectus supplements—one in Canada and another in the U.S.—alongside its base prospectus documents. These filings detail the specifics of the new arrangement and can be found on relevant regulatory platforms, including SEDAR+ and EDGAR.
As a prominent North American energy services provider, Emera plays a critical role in delivering energy to approximately 2.6 million customers across Canada, the United States, and the Caribbean. With a dedicated workforce of 7,600 employees, the company remains focused on its mission to promote a cleaner energy future.
Emera’s shares are listed on both the Toronto Stock Exchange and the New York Stock Exchange. Additional information about the company and its operations is available on its corporate website and regulatory filings.
