secwatch.observer — SEC 8-K summary
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Issuer:     ARTESIAN RESOURCES CORP (ARTNA)
CIK:        0000863110
Form:       8-K
Filed at:   2022-02-17T23:59:59+00:00
Accession:  0000863110-22-000010
Event type: m_and_a
Sentiment:  positive
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Artesian Resources subsidiary to acquire Town of Clayton water system for $5M
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- Total purchase price $5.0 million, less any secured debt payoff on the water system.
- Assets include substantially all operating assets, exclusive franchise territory, and right to serve existing customers.
- Closing subject to due diligence and approval by the Delaware Public Service Commission.
- Asset Purchase Agreement signed February 16, 2022 between Artesian Water Company and Town of Clayton.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/863110/000086311022000010/0000863110-22-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/863110/000086311022000010/clayton.htm
  HTML page:      https://secwatch.observer/filing/0000863110-22-000010

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