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.
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