The York Water Company Announces Pricing of 2026 Public Offering of Common Stock

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.

Rhea-AI Summary

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.

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

Argus Apr 16 session

-2.20% close to close Open Argus

Details

News Market Reaction – YORW

On Apr 16, the day this news came out, YORW closed 2.20% below the previous close.

Data tracked by StockTitan Argus for the Apr 16 session.

Key Figures

Primary shares offered: 1,521,739 shares Offer price: $28.50 per share Gross proceeds: Approximately $43 million +2 more

Primary shares offered

1,521,739 shares

Underwritten public common stock offering

Offer price

$28.50 per share

Price to the public for the offering

Gross proceeds

Approximately $43 million

Expected before underwriting discounts and commissions

Underwriter option period

30 days

Duration of option to purchase additional shares

Underwriter option shares

228,261 shares

Additional shares available to underwriters at offer price

Historical Context

2 past events · Latest: Mar 03

2 events

1. Mar 03

   Annual results

   24h Move

   +0.5%

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

2. Nov 06

   Quarterly earnings

   24h Move

   +0.0%

   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.

Key Terms

underwritten public offering, shelf registration statement, form s-3, prospectus supplement, +2 more

6 terms

underwritten public offering financial

"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 statement regulatory

"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-3 regulatory

"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 supplement regulatory

"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 prospectus regulatory

"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 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 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

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

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.