UNITIL Corporation Enters $50 Million Common Stock Distribution Agreement with Janney Montgomery Scott and Scotia Capital

Reuters

06-04

UNITIL Corporation Enters $50 Million Common Stock Distribution Agreement with Janney Montgomery Scott and Scotia Capital

UNITIL Corporation has entered into a significant Distribution Agreement with Janney Montgomery Scott LLC and Scotia Capital $(USA)$ Inc., allowing the company to sell up to $50 million of its common stock. This agreement, established on June 3, 2025, authorizes sales through various channels, including the New York Stock Exchange and private negotiations. The sales strategy will be influenced by factors such as market conditions and the company's capital needs. UNITIL has clarified that it maintains no material relationships with the involved sales agents or forward purchasers, apart from previous financial commitments and advisory services related to its acquisitions. The agreement does not represent an offer to sell or solicit shares in any region where it would be legally restricted.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UNITIL Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-134288), on June 04, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UNITIL Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-134288), on June 04, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UTL","symbol_name":"Unitil Corp","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250604:nNDL6TZJCl:1","article_id":"2540505443","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2540505443","pubTimestamp":1749031341,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"UNITIL Corporation has entered into a significant Distribution Agreement with Janney Montgomery Scott LLC and Scotia Capital  Inc., allowing the company to sell up to $50 million of its common stock. 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