Company: SOJE
Filing Date: 2025-11-04
Form Type: 424B2
Source: 0000092122-25-000092
Chunk: 56

Company: SOUTHERN CO
Filing Date: 2025-11-04
Form: 424B2
Chunk 56
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 from the Company with respect to the purchase contract if (1) the fixed settlement rates are adjusted (or fail to be adjusted) and, as a result of the adjustment (or failure to adjust), your proportionate interest in the Company’s assets or earnings and profits is increased, and (2) the adjustment (or failure to adjust) is not made pursuant to a bona fide, reasonable anti-dilution formula. For example, if the fixed settlement rates are adjusted as a result of a distribution that is taxable to the holders of the Company’s common stock, such as a cash dividend, you will be deemed to have received a “constructive distribution” of the Company’s common stock. Thus, under certain circumstances, an adjustment to the fixed settlement rates might give rise to a taxable deemed dividend to you even though you do not actually receive any cash or other distribution in connection with such adjustment. If you are a Non-United States holder (as defined under “Material United States Federal Income Tax Considerations” below ), such deemed dividend may be subject to United States federal withholding tax at a 30% rate, unless an

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income tax treaty reduces or eliminates such tax. See “Material United States Federal Income Tax Considerations—United States Holders—Purchase Contracts” and “Material United States Federal Income Tax Considerations—Non-United States Holders—United States Federal Withholding Tax.”

The Company will report contract adjustment payments as ordinary income and the Company will withhold tax on contract adjustment payments made to non-United States holders.

The Company intends to treat contract adjustment payments as taxable ordinary income to a United States holder (as defined under “Material United States Federal Income Tax Considerations” below) when received or accrued, in accordance with the United States holder’s regular method of tax accounting. The Company intends to treat any contract adjustment payments paid to a non-United States holder as payments generally subject to withholding tax at a 30% rate, unless an income tax treaty reduces or eliminates such tax and the holder satisfies the relevant certification requirements or such payments are “effectively connected income” of such non-United States Holder. See “Material United States Federal Income Tax Considerations—United States Holders—Purchase Contracts” and “Material United States Federal Income Tax Considerations—Non-United States Holders—United States Federal Withholding Tax.” Persons considering the purchase of Equity Units should consult their tax advisors concerning the possible alternative characterization and tax treatment of Equity Units and the contract adjustment payments.