secwatch.observer — SEC 8-K summary
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Issuer:     ARTESIAN RESOURCES CORP (ARTNA)
CIK:        0000863110
Form:       8-K
Filed at:   2023-05-22T23:59:59+00:00
Accession:  0000863110-23-000021
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Artesian Resources prices ~$34.8M public offering of Class A non-voting shares at $50/share
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- Priced 695,650 Class A non-voting shares at $50/share, gross proceeds ~$34.8M; closing May 23.
- Underwriter granted 30-day option to purchase up to 104,348 additional shares at offering price less discount.
- Net proceeds intended for capital investment program and repayment of outstanding indebtedness.
- Janney Montgomery Scott LLC is sole book-running manager.
- Offering made pursuant to effective shelf registration statement (Reg No. 333-266821).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/863110/000086311023000021/0000863110-23-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/863110/000086311023000021/8k.htm
  HTML page:      https://secwatch.observer/filing/0000863110-23-000021

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