Middlesex Water (MSEX) Announces Proposed Common Share Offering of Approx. $35M

Middlesex Water Company (NASDAQ: MSEX) announced today a proposed public offering of approximately $35 million of shares of its common stock. All of the shares are being offered by Middlesex. In addition, Middlesex intends to grant the underwriters a 30-day option to purchase up to an additional $5.25 million of shares of its common stock.

Middlesex intends to use the net proceeds from the offering for general corporate purposes, including paying down short-term borrowings, completing acquisitions and funding initiatives.

Baird is acting as sole active book-running manager for the offering. Janney Montgomery Scott is acting as joint book-running manager for the offering. Boenning & Scattergood is acting as lead manager for the offering. The offering is subject to market and other customary closing conditions, and Middlesex cannot assure you as to whether or when the offering may be completed.

You May Also Be Interested In

• Andersen closes secondary offering of 4.9M shares at $44 each
• enVVeno Medical (NVNO) files $100M mixed shelf
• Alzamend Neuro (ALZN) files for 98.4M share offering by selling stockholders