0001140361-26-016137
SEC filingThe York Water Company closed its public offering of 1,521,739 shares plus underwriters' full exercise of option for 228,261 additional shares at $28.50 per share, yielding total net proceeds of approximately $47.7 million.
The completion of this common stock offering provides The York Water Company with approximately $47.7 million in net proceeds, enhancing its liquidity for strategic initiatives. The full exercise of the underwriters' option for 228,261 additional shares at $28.50 per share demonstrates strong demand from investors. Funds will support the company's capital investment program critical for water and wastewater utility infrastructure, repayment of outstanding indebtedness to strengthen the balance sheet, and potential acquisitions to expand service territory or capabilities. This capital raise positions York Water to pursue growth opportunities while managing financial obligations in a regulated utility environment.