Global Water Resources (GWRS) Prices 1.5M Share Common Offering at $9.25/Sh

July 18, 2018 8:30 AM EDT

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

Global Water Resources, Inc. (NASDAQ: GWRS) today announced the pricing of an underwritten public offering of 1,500,000 shares of its common stock at a price to the public of $9.25 per share. All of the shares are being sold by the company. The gross proceeds to the company from the offering, before deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $13.9 million. The offering is expected to close on or about July 20, 2018, subject to customary closing conditions. In addition, the company has granted the underwriter for the offering a 30-day option to purchase up to an additional 220,000 shares of its common stock at the public offering price, less underwriting discounts and commissions.

The company anticipates using the net proceeds from the offering to fund acquisitions and for working capital and other general corporate purposes.

Roth Capital Partners is acting as sole manager for the offering.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Equity Offerings

Related Entities

Roth Capital, S3