other material
confidence high
sentiment neutral
materiality 0.60
York Water closes public offering of 1.52M shares at $28.50/share, net proceeds $41.4M
YORK WATER CO
- Net proceeds of approximately $41.4M from sale of 1,521,739 shares of common stock at $28.50 per share.
- Underwriter granted 30-day option to purchase up to an additional 228,261 shares on same terms.
- Proceeds to fund capital investment program, repay outstanding indebtedness, and potential acquisitions.
- Huntington Capital Markets served as sole book-running manager; Seaport Global as co-manager.
- Offering closed on April 17, 2026; shares trade on Nasdaq under ticker YORW.