0001140361-26-014989
SEC filingThe York Water Company priced its public offering of 1,521,739 common shares at $28.50 per share, expecting approximately $43 million in gross proceeds before underwriting discounts.
The York Water Company completed pricing for an underwritten public offering of 1.52 million shares at $28.50 each, targeting approximately $43 million in gross proceeds prior to deductions. This capital raise provides significant liquidity for the utility provider's growth initiatives, explicitly earmarked for capital investments essential to infrastructure maintenance and expansion, repayment of existing debt to strengthen the balance sheet, and positioning for potential acquisitions in the water and wastewater services sector. The overallotment option of up to 228,261 shares offers underwriters flexibility to stabilize post-offering trading. With Huntington Capital Markets leading as book-runner and Seaport Global as co-manager, the offering leverages an effective shelf registration, enabling efficient execution. For investors, this dilutive event funds strategic priorities while signaling confidence in long-term demand for utility services amid population growth and regulatory needs in the service territory.