Middlesex Water Company Announces $110 Million ATM Equity Offering to Fund Capital Expenditures
Middlesex Water Company has entered into an ATM Equity Offering Sales Agreement with BofA Securities, Inc., Robert W. Baird & Co. Incorporated, and Janney Montgomery Scott LLC as sales agents to issue new shares of common stock valued at up to $110 million. The shares will be sold through "at-the-market" offerings, with proceeds intended to fund capital expenditures, maintain plant equipment, and support other corporate purposes. These sales will be conducted under Middlesex's existing shelf registration statement filed with the SEC.
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