• New Mexico utility regulators on October 27, 2026, scheduled hearings for January 19-February 1, 2027, on Troy ParentCo's acquisition of TXNM Energy.
• Under the May 18, 2025, agreement, TXNM will survive the merger with Troy Merger Sub as Troy ParentCo's wholly owned subsidiary.
• The parties filed their joint application on August 25, 2025. Completion remains subject to required regulatory approvals and other closing conditions.

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. TXNM Energy Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001108426-26-000064), on October 28, 2026, and is solely responsible for the information contained therein.