Global Water Announces Proposed Public Offering of Common Stock
Global Water Resources (NASDAQ: GWRS) has announced the launch of an underwritten public offering of its common stock shares. The pure-play water resource management company will be the sole offerer of the shares, with plans to grant underwriters a 30-day option to purchase up to an additional 15% of the offered shares at the public offering price, minus underwriting discounts and commissions.
The company intends to utilize the net proceeds for funding acquisitions, working capital, and other general corporate purposes. Roth Capital Partners and Janney Montgomery Scott are serving as the offering's underwriters. The offering will be conducted under a previously filed and effective Form S-3 registration statement dated August 31, 2023.
Global Water Resources (NASDAQ: GWRS) ha annunciato il lancio di un'offerta pubblica sottoscritta delle sue azioni ordinarie. L'azienda specializzata nella gestione delle risorse idriche sarà l'unico offerente delle azioni, con piani di concedere agli underwriter un'opzione di 30 giorni per acquistare fino a un ulteriore 15% delle azioni offerte al prezzo di offerta pubblica, al netto degli sconti e delle commissioni di sottoscrizione.
L'azienda intende utilizzare i proventi netti per finanziare acquisizioni, capitale circolante e altre finalità aziendali generali. Roth Capital Partners e Janney Montgomery Scott stanno fungendo da underwriter per l'offerta. L'offerta sarà condotta ai sensi di una dichiarazione di registrazione Form S-3 precedentemente depositata e efficace, datata 31 agosto 2023.
Global Water Resources (NASDAQ: GWRS) ha anunciado el lanzamiento de una oferta pública suscrita de sus acciones ordinarias. La empresa dedicada a la gestión de recursos hídricos será la única oferente de las acciones, con planes de otorgar a los suscriptores una opción de 30 días para comprar hasta un 15% adicional de las acciones ofrecidas al precio de la oferta pública, menos los descuentos y comisiones de suscripción.
La empresa tiene la intención de utilizar los ingresos netos para financiar adquisiciones, capital de trabajo y otros fines corporativos generales. Roth Capital Partners y Janney Montgomery Scott están actuando como suscriptores de la oferta. La oferta se llevará a cabo bajo una declaración de registro Form S-3 presentada y efectiva anteriormente, fechada el 31 de agosto de 2023.
글로벌 워터 리소스 (NASDAQ: GWRS)가 자사의 보통주 공개 매각을 시작한다고 발표했습니다. 순수한 물 자원 관리 회사인 이들은 주식의 유일한 제공자로서, 인수자에게 공개 매각 가격에서 인수 수수료와 커미션을 제외한 추가 15%의 주식을 구매할 수 있는 30일 옵션을 부여할 계획입니다.
회사는 인수, 운영 자본 및 기타 일반 기업 목적을 위해 순자산을 활용할 계획입니다. 로스 캐피탈 파트너스와 제니 몽고메리 스콧이 이번 매각의 인수자로 활동하고 있습니다. 이 매각은 2023년 8월 31일자로 작성된 기존의 유효한 S-3 등록 양식에 따라 진행됩니다.
Global Water Resources (NASDAQ: GWRS) a annoncé le lancement d'une offre publique souscrite de ses actions ordinaires. L'entreprise spécialisée dans la gestion des ressources en eau sera le seul offreur des actions, avec des plans pour accorder aux souscripteurs une option de 30 jours pour acheter jusqu'à 15 % supplémentaires des actions proposées au prix de l'offre publique, moins les remises et commissions de souscription.
L'entreprise prévoit d'utiliser le produit net pour financer des acquisitions, du fonds de roulement et d'autres fins corporatives générales. Roth Capital Partners et Janney Montgomery Scott agissent en tant que souscripteurs de l'offre. L'offre sera réalisée en vertu d'une déclaration d'enregistrement Formulaire S-3 précédemment déposée et effective, datée du 31 août 2023.
Global Water Resources (NASDAQ: GWRS) hat den Start eines unterzeichneten öffentlichen Angebots seiner Stammaktien bekannt gegeben. Das Unternehmen, das sich ausschließlich mit der Verwaltung von Wasserressourcen beschäftigt, wird der einzige Anbieter der Aktien sein und plant, den Underwritern eine 30-tägige Option einzuräumen, um bis zu 15% der angebotenen Aktien zum öffentlichen Angebotspreis zu kaufen, abzüglich der Underwriting-Rabatte und -Provisionen.
Das Unternehmen beabsichtigt, die Nettomittel für Akquisitionen, Betriebskapital und andere allgemeine Unternehmenszwecke zu verwenden. Roth Capital Partners und Janney Montgomery Scott fungieren als Underwriter des Angebots. Das Angebot wird gemäß einer zuvor eingereichten und wirksamen Registrierungserklärung des Typs S-3 vom 31. August 2023 durchgeführt.
- Potential for strategic acquisitions and business expansion
- Strengthening working capital position
- Potential dilution of existing shareholders' value
- Uncertainty regarding offering size and terms
- Market-dependent completion risk
Insights
Global Water Resources' announced stock offering represents a significant capital raising event with mixed implications for investors. The company is pursuing a public offering of common stock with underwriters Roth Capital Partners and Janney Montgomery Scott, who will also have a 30-day option to purchase an additional 15% of shares.
This offering will dilute existing shareholders, which typically puts near-term pressure on the stock price. For a company with a relatively modest market cap of
However, the stated use of proceeds - funding acquisitions and working capital - points to a growth-oriented strategy. For water utilities, acquisitions typically target smaller systems where operational efficiencies and rate structure improvements can create value. The capital raise suggests Global Water sees specific acquisition opportunities that require immediate funding beyond their existing resources.
Without details on offering size, price, or specific acquisition targets, investors face uncertainty about the true value proposition. The dilution-to-growth equation remains unsolved until the company reveals the full terms and acquisition strategy. Investors should monitor the final prospectus supplement for these critical details before making investment decisions.
PHOENIX, March 25, 2025 (GLOBE NEWSWIRE) -- Global Water Resources, Inc. (NASDAQ: GWRS), a pure-play water resource management company, today announced that it has commenced an underwritten public offering of shares of its common stock. All of the shares are being offered by the company.
In addition, the company expects to grant the underwriters for the offering a 30-day option to purchase up to an additional
The company anticipates using the net proceeds from the offering to fund acquisitions and for working capital and other general corporate purposes.
Roth Capital Partners and Janney Montgomery Scott are acting as underwriters for the offering.
The offering will be made pursuant to a registration statement on Form S-3 that was previously filed with the Securities and Exchange Commission and declared effective on August 31, 2023. A preliminary prospectus supplement and accompanying base prospectus relating to and describing the terms of the offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov.
Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the offering may be obtained, when available, from Roth Capital Partners, 888 San Clemente Drive, Suite 400, Newport Beach, CA 92660, (800) 678-9147, or from Janney Montgomery Scott, 60 State Street, 13th Floor, Boston, MA 02109, prospectus@janney.com, (617) 557-2986. The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Global Water Resources
Global Water Resources, Inc. is a leading water resource management company that owns and operates 32 systems which provide water, wastewater, and recycled water services. The company’s service areas are located primarily in growth corridors around metropolitan Phoenix and Tucson, Arizona. The company recycles over 1 billion gallons of water annually.
Forward-Looking Statements
Certain of the statements made in this press release are forward-looking, such as those, among others, relating to the company’s expectations regarding the completion, timing and size of the public offering, its expectations with respect to granting the underwriters a 30-day option to purchase additional shares and its anticipated use of net proceeds from the offering. Actual results or developments may differ materially from those projected or implied in these forward-looking statements. Factors that may cause such a difference include risks and uncertainties related to completion of the public offering on the anticipated terms or at all, market conditions and the satisfaction of customary closing conditions related to the offering. More information about the risks and uncertainties faced by the company is contained in the preliminary prospectus supplement to be filed with the SEC and the documents incorporated by reference therein, which include the company’s Annual Report on Form 10-K for the year ended December 31, 2024. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Company Contact: Michael J. Liebman SVP and CFO
Tel (480) 999-5104
mike.liebman@gwresources.com
Investor Relations: Ron Both, CMA Tel (949) 432-7566
GWRS@cma.team
FAQ
What is the purpose of Global Water Resources (GWRS) new stock offering?
Who are the underwriters for GWRS's 2025 public stock offering?
What additional option is being offered to GWRS stock offering underwriters?
When was GWRS's Form S-3 registration statement declared effective?
