The York Water Company (NASDAQ: YORW) priced an underwritten public offering of 1,521,739 shares at $28.50 per share on April 16, 2026, generating approximately $43 million in gross proceeds before underwriting discounts and commissions.
The company granted underwriters a 30-day option to purchase up to 228,261 additional shares. Net proceeds are intended for general corporate purposes, including capital investment, repayment of indebtedness, and potential acquisitions.
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Positive
Gross proceeds of approximately $43 million from the offering
Use of proceeds includes capital investment program and debt repayment
Greenshoe option enables underwriters to purchase up to 228,261 additional shares
Negative
Potential dilution from issuance of 1,521,739 shares plus up to 228,261 additional shares
Net proceeds reduced by underwriting discounts and commissions
News Market Reaction – YORW
-2.20%
10 alerts
-2.20%Session close to close
$445.59MMarket Cap
0.0xRel. Volume
In the Apr 16 session, YORW declined 2.20%, reflecting a moderate negative market reaction.
Our momentum scanner triggered 10 alerts that day, indicating notable trading interest and price volatility.
This announcement details a common stock financing, with York Water offering 1,521,739 shares at $28...
Analysis
This announcement details a common stock financing, with York Water offering 1,521,739 shares at $28.50 for expected gross proceeds of about $43 million, plus a 30-day option for 228,261 extra shares. Proceeds are earmarked for general corporate purposes, including capital investments, debt repayment, and potential acquisitions. Investors may track how this raise interacts with the company’s ongoing infrastructure spending, recent 10-K financial trends, and future regulatory filings under its Form S-3 shelf.
Key Figures
Primary shares offered:1,521,739 sharesOffer price:$28.50 per shareGross proceeds:Approximately $43 million+2 more
5 metrics
Primary shares offered1,521,739 sharesUnderwritten public common stock offering
Offer price$28.50 per sharePrice to the public for the offering
Gross proceedsApproximately $43 millionExpected before underwriting discounts and commissions
Underwriter option period30 daysDuration of option to purchase additional shares
Underwriter option shares228,261 sharesAdditional shares available to underwriters at offer price
Announced Q3 and nine-month 2025 results with revenue growth and mixed earnings.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Recent fundamental updates (annual and quarterly results) saw small positive price reactions, suggesting investors have typically responded mildly to earnings-related news.
Recent Company History
Over the past months, York Water has focused on steady utility operations and infrastructure investment. The Mar 3, 2026 annual report highlighted $77.49M in 2025 revenue, slightly higher year over year, with modestly lower net income and significant capital spending. The Nov 6, 2025 Q3 release reported incremental revenue growth and continued investment in mains and infrastructure. Against this backdrop of ongoing capital needs and regulated returns, today’s common stock offering pricing fits a pattern of funding ongoing capital programs and balance sheet management.
Key Terms
underwritten public offering, shelf registration statement, form s-3, prospectus supplement, +2 more
6 terms
underwritten public offeringfinancial
"announced today the pricing of its previously announced underwritten public offering of common stock."
An underwritten public offering is when a company sells new shares of its stock to the public with the help of a financial firm, called an underwriter. The underwriter agrees to buy all the shares upfront, reducing the company's risk, and then sells them to investors. This process helps companies raise money quickly and confidently from a wide range of buyers.
shelf registration statementregulatory
"The offering is being made pursuant to an effective shelf registration statement filed with the Securities"
A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.
form s-3regulatory
"registration statement filed with the Securities and Exchange Commission (the “SEC”) on Form S-3 (Registration No."
Form S-3 is a legal document companies use to register their stock sales with the government, making it easier and faster for them to raise money by selling shares to investors. It’s like having a pre-approved shopping list that lets a company quickly sell new shares when they need funds, without going through a lengthy approval process each time.
prospectus supplementregulatory
"The offering may be made only 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.
accompanying prospectusregulatory
"may be made only by means of a prospectus supplement and an accompanying prospectus."
An accompanying prospectus is the detailed brochure that must be provided to potential buyers when a company offers securities for sale, summarizing the offering’s purpose, terms, financial information, risks and how proceeds will be used. It matters to investors because it gives the essential facts and warnings needed to judge an investment—like an instruction manual or ingredient label that helps you compare options and spot red flags before committing money.
forward-looking statementsregulatory
"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.
YORK, Pa., April 16, 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 pricing of its previously announced underwritten public offering of common stock. York Water priced an offering of 1,521,739 shares of its common stock at a price to the public of $28.50 per share. The aggregate gross proceeds from the offering are expected to be approximately $43 million, before deducting underwriting discounts and commissions payable by York Water. York Water has granted the underwriters a 30-day option to purchase up to 228,261 additional shares of its common stock at the public offering price, less underwriting discounts and commissions.
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 is being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the “SEC”) on Form S-3 (Registration No. 333-283488).
The offering may be made only by means of a prospectus supplement and an accompanying prospectus. A preliminary prospectus supplement relating to the offering has been filed with the SEC. Copies of the preliminary 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
How many shares did YORW price in the April 16, 2026 public offering?
York Water priced 1,521,739 shares at $28.50 per share. According to the company, the offering also includes a 30-day option for underwriters to buy up to 228,261 additional shares at the public offering price.
What are the expected gross proceeds from the YORW April 16, 2026 offering?
The offering is expected to generate approximately $43 million in gross proceeds before fees. According to the company, this amount is prior to deducting underwriting discounts and commissions payable by York Water.
What will YORW use the net proceeds from the April 2026 offering for?
York Water intends to use net proceeds for general corporate purposes, including its capital investment program, repayment of indebtedness, and potential acquisitions. According to the company, these are the primary stated uses of the offering net proceeds.
Who managed the YORW public offering priced on April 16, 2026?
Huntington Capital Markets acted as sole book-running manager and Seaport Global Securities was co-manager. According to the company, Huntington Securities provided prospectus distribution details for investors seeking offering documentation.
Does the YORW offering include an option for additional shares and how long is it valid?
Yes, the offering includes a 30-day option for underwriters to purchase up to 228,261 additional shares. According to the company, the option is exercisable at the public offering price, less underwriting discounts and commissions.
