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

The York Water Company (NASDAQ: YORW) announced the closing of a public offering of 1,521,739 shares of common stock at $28.50 per share on April 17, 2026.

Rhea-AI Summary

The York Water Company (NASDAQ: YORW) announced the closing of a public offering of 1,521,739 shares of common stock at $28.50 per share on April 17, 2026. Net proceeds to the company are approximately $41.4 million.

York Water said it intends to use proceeds for general corporate purposes, including its capital investment program, repayment of outstanding indebtedness, and potential acquisitions. Huntington Capital Markets acted as sole book-running manager; Seaport Global Securities served as co-manager.

Positive

• 1,521,739 shares issued at $28.50 per share
• Net proceeds of $41.4 million to fund corporate uses
• Proceeds earmarked for capital investment, debt repayment, and acquisitions

Negative

• Share issuance increases outstanding shares and may dilute existing shareholders
• Use of proceeds unspecified beyond general categories, reducing near-term transparency

Argus Apr 17 session

-0.27% close to close Open Argus

Details

News Market Reaction – YORW

On Apr 17, the day this news came out, YORW closed 0.27% below the previous close.

Data tracked by StockTitan Argus for the Apr 17 session.

Key Figures

Shares offered: 1,521,739 shares Offering price: $28.50 per share Net proceeds: approximately $41.4 million +5 more

Shares offered

1,521,739 shares

Common stock public offering

Offering price

$28.50 per share

Public offering price to the public

Net proceeds

approximately $41.4 million

Net proceeds to York Water from this offering

Underwriter option period

30 days

Period to purchase up to 228,261 additional shares

Underwriter option shares

228,261 shares

Additional shares the underwriter may purchase

Total public offering price

$43,369,561.50

Total before expenses from 1,521,739 shares

Shares outstanding post-offer

15,970,287 shares

Immediately after offering, excluding full option exercise

S-3 registered shares

366,689 shares

Dividend Reinvestment and Direct Stock Purchase and Sale Plan

Historical Context

2 past events · Latest: Mar 03

2 events

1. Mar 03

   Annual results

   24h Move

   +0.5%

   Reported 2025 revenue growth with slightly lower net income and EPS versus 2024.

2. Nov 06

   Quarterly earnings

   24h Move

   +0.0%

   Q3 2025 revenue and EPS rose, while year-to-date EPS and income declined slightly.

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

Key Terms

public offering, underwriting discounts and commissions, prospectus supplement, forward-looking statements

4 terms

public offering financial

"announced today the closing of its previously-announced public offering of 1,521,739 shares"

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.

underwriting discounts and commissions financial

"after deducting the underwriting discounts and commissions and other offering expenses"

Underwriting discounts and commissions are fees paid to financial institutions that help sell new securities to investors. They act like a commission for their role in connecting companies with buyers, often reducing the amount of money the issuing company raises. For investors, understanding these costs helps gauge how much of their investment is going toward the actual securities versus fees paid to middlemen.

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 17, 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 its previously-announced public offering of 1,521,739 shares of its common stock at a price to the public of $28.50 per share. The net proceeds to York Water from the offering, after deducting the underwriting discounts and commissions and other offering expenses, are approximately $41.4 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 York Water (YORW) sell in the April 17, 2026 offering?

York Water sold 1,521,739 shares in the offering. According to the company, the shares were sold at $28.50 per share, with net proceeds to York Water of approximately $41.4 million for corporate purposes.

What will York Water (YORW) use the $41.4 million net proceeds for?

The company intends to use proceeds for general corporate purposes, including its capital investment program, repayment of outstanding indebtedness, and potential acquisitions. According to the company, those categories are the stated allocation priorities for the net proceeds.

Who managed the York Water (YORW) public offering that closed April 17, 2026?

Huntington Capital Markets served as sole book-running manager and Seaport Global Securities acted as co-manager. According to the company, both firms handled underwriting and syndicate responsibilities for the offering.

How much was the public offering price per share for York Water (YORW)?

The offering price was $28.50 per share. According to the company, that price produced approximately $41.4 million in net proceeds after underwriting discounts, commissions, and offering expenses.

Will the York Water (YORW) offering affect existing shareholders immediately?

The issuance increases outstanding shares and can dilute existing ownership percentages. According to the company, proceeds are for corporate uses but the press release does not quantify dilution or percentage ownership changes.