secwatch.observer — SEC 8-K summary
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Issuer:     ARTESIAN RESOURCES CORP (ARTNA)
CIK:        0000863110
Form:       8-K
Filed at:   2023-05-23T23:59:59+00:00
Accession:  0000863110-23-000024
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Artesian Resources closes public offering of 695,650 shares at $50, netting $33M
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- Sold 695,650 shares of Class A Non-Voting Common Stock at $50.00 per share.
- Net proceeds of approximately $33.0 million after underwriting discounts and expenses.
- Underwriter Janney Montgomery Scott has 30-day option for up to 104,348 additional shares.
- Proceeds to be used for capital investment program and repayment of outstanding indebtedness.
- Offering closed on May 23, 2023; shares trade on Nasdaq under ARTNA.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/863110/000086311023000024/0000863110-23-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/863110/000086311023000024/8k.htm
  HTML page:      https://secwatch.observer/filing/0000863110-23-000024

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