Global Water Resources Prices Common Shares Offering

MT Newswires Live

2025/03/26

Global Water Resources (GWRS) said Wednesday it has priced an underwritten public offering of 2.8 million of its common shares at $10 apiece for gross proceeds of roughly $28 million.

The company intends to close the offering around Thursday, it said, adding that it has provided the underwriters a 30-day option to buy up to a total of 420,000 additional common shares.

Global Water Resources said it plans to use the net proceeds from the offering to support acquisitions, working capital, and other general corporate needs.

Shares of the company were down 3.8% in recent Wednesday premarket activity.

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