The York Water Company Announces Closing of Its Common Stock Public Offering

The York Water Company (NASDAQ: YORW) closed its public offering on April 22, 2026, including the underwriters' full exercise of an option to purchase 228,261 additional shares alongside 1,521,739 offered shares at $28.50 per share.

Rhea-AI Summary

The York Water Company (NASDAQ: YORW) closed its public offering on April 22, 2026, including the underwriters' full exercise of an option to purchase 228,261 additional shares alongside 1,521,739 offered shares at $28.50 per share.

Total net proceeds were approximately $47.7 million, with about $6.3 million attributable to the additional shares. Proceeds are intended for general corporate purposes, including capital investment, debt repayment, and potential acquisitions.

Positive

• Total net proceeds approximately $47.7 million
• Underwriters fully exercised option for 228,261 shares
• Offering price of $28.50 per share fixed

Negative

• Share issuance may cause immediate shareholder dilution
• Use of proceeds includes potential acquisitions, introducing execution risk

Argus Apr 23 session

+2.03% close to close Open Argus

Details

News Market Reaction – YORW

On Apr 23, the first trading day after this news, YORW closed 2.03% above the previous close.

Data tracked by StockTitan Argus for the Apr 23 session.

Key Figures

Base offering size: 1,521,739 shares Underwriters’ option shares: 228,261 shares Offering price: $28.50 per share +5 more

Base offering size

1,521,739 shares

Common stock offered in 2026 underwritten deal

Underwriters’ option shares

228,261 shares

Additional shares purchased via full option exercise

Offering price

$28.50 per share

Price to the public for common stock offering

Net proceeds from option

$6.3 million

Net proceeds from additional 228,261 shares

Total net proceeds

$47.7 million

Total net proceeds from full offering after expenses

Pre-news price

$29.85

Last price before this announcement

52-week range

$28.26–$36.48

Pre-news 52-week low and high

DRIP registered shares

366,689 shares

S-3 for Dividend Reinvestment and Direct Stock Purchase Plan

Previous Offering Reports

3 past events · Latest: Apr 17

Same Type 3 events

1. Apr 17

   Offering closing

   24h Move

   -0.3%

   Announced closing of 1,521,739-share common stock offering at $28.50.

2. Apr 16

   Offering pricing

   24h Move

   -2.2%

   Priced 1,521,739-share offering at $28.50 with 30-day underwriter option.

3. Apr 15

   Offering proposed

   24h Move

   -2.2%

   Proposed common stock offering under an effective Form S-3 shelf.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

underwriters’ option, public offering, prospectus supplement, forward-looking statements

4 terms

underwriters’ option financial

"closing of the underwriters’ full exercise of the underwriters’ option to purchase 228,261"

An underwriters’ option is a provision in a securities offering that lets the group selling the new shares buy a fixed extra amount (often up to 15%) from the issuer after the sale. It acts like a short-term safety valve: if demand is strong, underwriters exercise the option and supply extra shares; if the price falls, they can use the option to stabilize the market. For investors this matters because it affects how many shares come to market, potential short-term dilution, and post-offering price stability—similar to having a reserve supply to smooth out sudden swings.

public offering financial

"previously-announced public offering of 1,521,739 shares of the Company’s common stock"

A public offering is when a company sells shares to the general public through the stock market, either by issuing new shares to raise cash or by letting existing owners sell their stakes. Think of it like a business opening its doors to many new owners at once: it can bring in money for growth but also increases the number of shares available, which can change the stock price and dilute existing ownership — key factors investors watch closely.

prospectus supplement regulatory

"The offering was made by means of a prospectus supplement and an accompanying prospectus."

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

forward-looking statements regulatory

"This news release may contain forward-looking statements."

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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YORK, Pa., April 22, 2026 (GLOBE NEWSWIRE) -- The York Water Company (“York Water” or the “Company”) (NASDAQ: YORW), a provider of water and wastewater utility services, announced today the closing of the underwriters’ full exercise of the underwriters’ option to purchase 228,261 additional shares along with the previously-announced public offering of 1,521,739 shares of the Company’s common stock at a price to the public of $28.50 per share. The net proceeds to York Water from the purchase of such additional shares was approximately $6.3 million, bringing the total net proceeds from the offering, after deducting the underwriting discounts and commissions and other offering expenses, to approximately $47.7 million.

York Water intends to use the net proceeds from the offering for general corporate purposes, including our capital investment program, repayment of outstanding indebtedness, and potential acquisitions.

Huntington Capital Markets is acting as sole book-running manager and Seaport Global Securities is acting as co-manager for the offering.

The offering was made by means of a prospectus supplement and an accompanying prospectus. A prospectus supplement relating to the offering has been filed with the SEC. Copies of the prospectus supplement and the accompanying prospectus may be obtained by visiting EDGAR on the SEC’s website at www.sec.gov or from: Huntington Securities, Inc., 41 South High Street, Columbus, OH 43215, or by email at ecm_syndicate@huntington.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of any 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.

This news release may contain forward-looking statements. The Company undertakes no duty to update any forward-looking statement. More information concerning forward-looking statements can be found in the Company’s filings with the SEC at sec.gov. 

Contact Information:
JT Hand, President & CEO
jth@yorkwater.com
-OR-
Matthew E. Poff, Chief Financial Officer
matthewp@yorkwater.com

717-845-3601

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did YORW sell in the April 22, 2026 offering?

YORW sold 1,521,739 shares plus an additional 228,261 shares from the underwriters' option. According to the company, the offering included the full exercise of the underwriters' option on April 22, 2026.

What were the proceeds and price per share in YORW's April 22, 2026 offering?

The offering price was $28.50 per share, producing approximately $47.7 million in net proceeds. According to the company, ~$6.3 million of net proceeds came from the additional option shares.

What will YORW use the $47.7 million from the stock offering for?

Proceeds are intended for general corporate purposes, including capital investment, repayment of outstanding debt, and possible acquisitions. According to the company, these uses are the primary stated allocations for the net proceeds.

Who managed the YORW public offering that closed April 22, 2026?

Huntington Capital Markets served as sole book-running manager and Seaport Global Securities as co-manager. According to the company, Huntington Securities provided syndicate contact information for prospectus requests.

Where can investors obtain YORW's prospectus supplement for the offering?

Investors can obtain the prospectus supplement on the SEC EDGAR site at www.sec.gov or from Huntington Securities. According to the company, copies are available via the SEC site or by contacting Huntington Securities directly.