Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 62

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 62
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 In addition, upon the occurrence of a make-whole fundamental change (as defined in the indenture governing the Series 2025A Convertible Senior Notes), Southern Company will, in certain circumstances, increase the conversion rate by a number of additional shares of common stock for conversions in connection with the make-whole fundamental change.Upon the occurrence of a fundamental change, other than an excluded fundamental change (each as defined in the indenture governing the Series 2025A Convertible Senior Notes), holders of the Series 2025A Convertible Senior Notes may require Southern Company to purchase all or a portion of their Series 2025A Convertible Senior Notes, in principal amounts equal to $1,000 or an integral multiple thereof, for cash at a price equal to 100% of the principal amount of the Series 2025A Convertible Senior Notes to be purchased plus any accrued and unpaid interest.

63

    Table of Contents                                Index to Financial StatementsNOTES TO THE CONDENSED FINANCIAL STATEMENTS (Continued)(UNAUDITED)

Equity Distribution AgreementSee Note 8 to the financial statements under "Equity Distribution Agreement" in Item 8 of the Form 10-K for additional information.The table below reflects shares of Southern Company common stock sold under separate forward sale contracts with forward purchasers during the six months ended June 30, 2025.Shares SoldInitial Forward Price per ShareTo be Settled On or Before    292,694(a)$83.3293December 31, 2025563,386$87.9027December 31, 20251,000,000$88.7502June 30, 20261,000,000$88.7739June 30, 20261,000,000$91.2856June 30, 20261,000,000$89.1444June 30, 20261,000,000$88.8490June 30, 20261,000,000$88.8903June 30, 20261,000,000$90.9196June 30, 20261,255,000$91.0566June 30, 20261,324,942$88.7048December 31, 20262,277,113$88.3227December 31, 20263,130,641$88.2823December 31, 20263,255,