secwatch / observer
8-K filed March 2, 2023, 6:59 PM ET ticker HTO CIK 0000766829
other material confidence high sentiment neutral materiality 0.60

SJW Group upsizes equity distribution agreement to $240M from $100M

H2O AMERICA

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

H2O AMERICA amended Amendment No. 1 with J.P. Morgan Securities LLC, Janney Montgomery Scott LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC valued at $240,000,000 (effective 2023-03-01).

Action
amendment
Agreement
atm program
Counterparty
J.P. Morgan Securities LLC, Janney Montgomery Scott LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC
Value
$240,000,000
Effective
2023-03-01
Exact text from the filing
On March 1, 2023, SJW Group (the “Company”) entered into an Amendment No. 1 (the “Amendment No. 1”) to the equity distribution agreement, dated November 17, 2021 (the “Agreement”), between the Company and J.P. Morgan Securities LLC, Janney Montgomery Scott LLC, RBC Capital Markets, LLC and Wells Fargo Securities, LLC (each a “Sales Agent” and, collectively, the “Sales Agents”), pursuant to which the Company increased the aggregate gross sales price of shares of the Company’s common stock, $0.001 par value per share (the “Shares”), that may be sold under the Agreement from $100,000,000 to $240,000,000 (the “Upsized Offering”).
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Source: SEC EDGAR
accession 0001193125-23-057180
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