---
schema_version: "secwatch.filing_event.v1"
accession: "0001434728-23-000212"
form_type: "8-K"
ticker: "GWRS"
cik: "0001434728"
company_name: "Global Water Resources, Inc."
filed_at: "2023-06-12T23:59:59+00:00"
generated_at: "2026-06-14T02:52:03.692867+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Global Water Resources raises $2.78M private placement at $12.07/share

## Summary
- Issued 230,000 shares at $12.07 per share for aggregate proceeds of ~$2.78 million to two accredited investors.
- Purchasers include board member Andrew M. Cohn and COELI SICAV I – CIRCULUS AMERICA SMALL CAP.
- Offering is exempt from registration under Section 4(a)(2) and Rule 506; shares bear restrictive legend.
- Price equaled Nasdaq closing bid price immediately preceding the agreement; no discount to market.

## SEC filing metadata
- accession: 0001434728-23-000212
- form_type: 8-K
- ticker: GWRS
- cik: 0001434728
- company_name: Global Water Resources, Inc.
- filed_at: 2023-06-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1434728/000143472823000212/0001434728-23-000212-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1434728/000143472823000212/gwrs-20230608.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001434728-23-000212
- JSON: https://secwatch.observer/filing/0001434728-23-000212.json
- Plain text: https://secwatch.observer/filing/0001434728-23-000212.txt

## Key facts
- Material Agreements
  Global Water Resources, Inc. entered into Securities Purchase Agreement with COELI SICAV I – CIRCULUS AMERICA SMALL CAP and Andrew M. Cohn (collectively, the “Purchasers”) valued at approximately $2.78 million (effective 2023-06-08).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: COELI SICAV I – CIRCULUS AMERICA SMALL CAP and Andrew M. Cohn (collectively, the “Purchasers”)
  - Value: approximately $2.78 million
  - Effective: 2023-06-08
  source text: On June 8, 2023, Global Water Resources, Inc. (the “Company”) entered into a securities purchase agreement (the “Securities Purchase Agreement”) with COELI SICAV I – CIRCULUS AMERICA SMALL CAP and Andrew M. Cohn (collectively, the “Purchasers”) for the issuance and sale by the Company of an aggregate of 230,000 shares of the Company’s common stock (the “Shares”) to the Purchasers in an offering (the “Private Placement”) exempt from registration pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 506 promulgated thereunder. Each of the Purchasers is an “accredited investor” as defined in Rule 501(a) under the Securities Act. Mr. Cohn is also a member of the Company’s board of directors and is a party to that certain Standstill Agreement previously entered into with the Company on March 19, 2021, as described in the Company’s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on March 24, 2021. Pursuant to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1434728/000143472823000212/0001434728-23-000212-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.