other material
confidence high
sentiment neutral
materiality 0.65
Middlesex Water enters $110M ATM equity offering for capex and general purposes
MIDDLESEX WATER CO
- Up to $110M of common stock may be sold at market prices via ATM offering with BofA Securities, Baird, and Janney.
- Proceeds will fund capital expenditures, plant equipment purchases, and general corporate purposes.
- Sales agents receive up to 2.0% commission on gross proceeds; agreement terminable at any time by either party.
- Offering made under shelf registration statement filed May 12, 2025; no obligation to sell any shares.