H2O America prices $608.7M common stock offering for Quadvest acquisition funding

H2O AMERICA

Offering of 11,484,824 shares at $53.00/share; net proceeds ~$588.9M (or $677.2M with underwriter option).
Company directly sells 3,937,654 shares; forward sellers sell 7,547,170 borrowed shares under forward sale agreements.
Initial forward price $51.2775/share; settlement at company's discretion on or before March 2, 2028.
Proceeds intended to finance Quadvest Acquisition; offering not conditioned on closing of acquisition.
Underwriters: J.P. Morgan and Wells Fargo Securities acting as joint book-running managers.

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