York Water Closes $47.7M Public Stock Offering

The York Water Company announced the completion of its public offering, including the full exercise of the underwriters' option to purchase additional shares. The offering generated approximately $47.7 million in total net proceeds from the sale of 1,750,000 shares at $28.50 each. These funds will be used for general corporate purposes, including capital investment programs, repayment of outstanding debt, and potential acquisitions, enhancing the company's financial flexibility.