- Global Water Resources (GWR) has completed a public offering for gross proceeds of approximately $15.5 million
- The company issued 1,150,000 shares at $13.50 per share, which includes the full exercise of the over-allotment option
- Net proceeds from the offering will be used to fund acquisitions and for working capital and other general corporate purposes
- Global Water Resources is a leading water resource management company
- Global Water Resources (GWR) opened trading at C$13.27
Global Water Resources (GWR) has completed its previously announced public offering for gross proceeds of approximately $15.5 million.
The company issued 1,150,000 shares at $13.50 per share, which includes the full exercise of the over-allotment option.
Net proceeds from the offering will be used to fund acquisitions and for working capital and other general corporate purposes.
Roth Capital Partners acted as sole manager for the offering.
Global Water Resources, a leading water resource management company, owns and operates 25 systems which provide water, wastewater, and recycled water services.
The company’s service areas are primarily in growth corridors around metropolitan Phoenix. The company recycles nearly 1 billion gallons of water annually.
Global Water Resources (GWR) opened trading at C$13.27.