InvestmentApr 17, 2026, 09:31 AM
York Water Co. Raises $41.4M in Common Stock Offering
AI Summary
The York Water Company entered into an Underwriting Agreement to issue and sell 1,521,739 shares of its common stock at $28.50 per share. The company received approximately $41.4 million in net proceeds from the offering. The Underwriter also has a 30-day option to purchase an additional 228,261 shares. The funds will be used for general corporate purposes, including capital investments, debt repayment, and potential acquisitions.
Key Highlights
- Issued 1,521,739 common shares at $28.50 each.
- Raised approximately $41.4 million in net proceeds.
- Underwriter has option for 228,261 additional shares.
- Proceeds for capital investment, debt repayment, acquisitions.
Price Impact
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