KEYCORP /NEW/ (KEY) Form S-3 — Jun 5, 2026
KeyCorp has filed a Form S-3 registration statement to register the resale of 158,723,874 common shares held by The Bank of Nova Scotia (BNS). These shares were originally issued to BNS in two tranches in late 2024 under an investment agreement, with BNS paying approximately $2.8 billion in total for the stake. KeyCorp will not receive any proceeds from the sale of these shares, as they are being sold by BNS, not the company. The filing allows BNS to sell these shares into the market over time, potentially creating selling pressure, but does not involve new dilution or capital raising for KeyCorp.
Key figures
- Gross Proceeds
- 3295107624.24
- Offering Price
- 21.18
- Shares Offered
- 158723874
- Shares Outstanding
- 1079368644
- Investment Agreement Price
- 17.17
- Selling Shareholder Stake Percent
- 14.73
Price after filing
Close on the filing date to close N calendar days later (from $21.67). Historical, not a forecast.
AI analysis
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