York Water closes $41.4M public offering of common stock

The York Water Company announced the closing of its previously-announced public offering, selling 1,521,739 shares of common stock at $28.50 per share. The offering generated approximately $41.4 million in net proceeds for the company. York Water intends to utilize these funds for general corporate purposes, including its capital investment program, repayment of outstanding indebtedness, and potential acquisitions.