Global Water Resources closes $32.2M public offering of common stock

Global Water Resources, Inc.

Closed offering of 3,220,000 shares at $10.00/share including full exercise of 420,000-share over-allotment.
Gross proceeds ~$32.2M; net proceeds ~$30.8M after underwriting discounts and offering expenses.
Directors and affiliates purchased 1,439,200 shares in the offering.
Net proceeds intended to fund acquisitions and for working capital and general corporate purposes.
Underwriters: Roth Capital Partners and Janney Montgomery Scott.

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