• Hawaiian Electric Industries monetized 30% of its 9.9% stake in American Savings Bank in ASB’s Sept. 16 IPO.
• Sale of about 2,000,000 shares generated USD 29.5 million in net proceeds.
• Underwriters can buy up to 293,904 additional shares within 30 days, adding up to USD 4.4 million net.
• Remaining 6.4% stake valued at about USD 73.5 million based on ASB’s Sept. 18 close of USD 17.57.
• Proceeds expected to reduce future capital raises tied to remaining Maui wildfire settlement payments; remaining shares subject to a 180-day lockup.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. HEI - Hawaiian Electric Industries Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260921179462) on September 21, 2026, and is solely responsible for the information contained therein.