American States Water (NYSE: AWR) swaps sales agent in $200M ATM program

Rhea-AI Filing Summary

American States Water Company amends its equity distribution program that permits the offer and sale of common shares having an aggregate offering price of $200,000,000 from time to time under an Equity Distribution Agreement.

This Supplement, dated February 20, 2026, revises one Sales Agent named in the Prospectus Supplement by replacing Janney Montgomery Scott LLC with Huntington Securities, Inc.

Insights

Capital Markets Attorney

Routine amendment to an at‑the‑market equity program; substitution of a sales agent is an administrative change.

The document amends the Equity Distribution Agreement for the existing at‑the‑market offering with an aggregate offering price of $200,000,000, replacing one named Sales Agent. This is a contractual update to the placement agents rather than a change to offering size or mechanics.

Operational dependencies include execution of the amended agreement by the parties; material investor impacts depend on subsequent sales activity and are not disclosed in this excerpt.

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

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Accepted by SEC EDGAR 02/20/2026 - 04:12 PM Learn about SEC filing dates

FAQ

What change did American States Water Company (AWR) file on February 20, 2026?

Answer: The company filed a supplement that amends its Equity Distribution Agreement to replace one Sales Agent. The Supplement dated February 20, 2026 substitutes Janney Montgomery Scott LLC with Huntington Securities, Inc.

How large is the equity program referenced in American States Water Company’s filing?

Answer: The equity distribution program permits offering common shares with an aggregate offering price up to $200,000,000. The program is structured to sell shares "from time to time" through sales agents under the Equity Distribution Agreement.

Will this Supplement change the aggregate amount available under the offering?

Answer: No change to the aggregate offering price is disclosed in this Supplement. The Supplement amends the Sales Agent named but continues to reference the same $200,000,000 aggregate offering price.

Who receives proceeds from sales made under the Equity Distribution Agreement?

Answer: The excerpt describes an at‑the‑market sale of the company's common shares; proceeds treatment in this Supplement indicates the company offers and sells shares, so sale proceeds are to be from issuer transactions under the program.

Where can I find risk factors related to purchases under this offering?

Answer: Risk factors are described in the Prospectus Supplement and accompanying prospectus. The filing references the "Risks Factors" section beginning on page S-7 of the Prospectus Supplement and page 6 of the accompanying prospectus.

PROSPECTUS SUPPLEMENT To Prospectus Supplement dated February 27, 2024 (To Prospectus dated February 26, 2024) Filed Pursuant to Rule 424(b)(3) Registration No. 333-277365  

 

AMERICAN STATES WATER COMPANY

$200,000,000

Common SHARES

This supplement (this “Supplement”) supplements the prospectus supplement, dated February 27, 2024 (the “Prospectus Supplement”), providing for the offer and sale of our common shares, no par value per share, having an aggregate offering price of up to $200,000,000 from time to time, in one or more transactions, to or through our Sales Agents, in accordance with the terms of the Equity Distribution Agreement. This Supplement should be read in conjunction with the Prospectus Supplement. Capitalized terms used and not defined herein shall have the meanings ascribed to such terms in the Prospectus Supplement.

This Supplement is being filed to reflect the amendment of the Equity Distribution Agreement pursuant to which the offering is being conducted (as amended, the “Equity Distribution Agreement”) to revise one of the Sales Agents named in the Prospectus Supplement and the Equity Distribution Agreement to replace Janney Montgomery Scott LLC with Huntington Securities, Inc.

Accordingly, the Prospectus Supplement is hereby amended to reflect the following change:

1. Each reference to “Janney Montgomery Scott LLC” is hereby replaced with “Huntington Securities, Inc.” and each reference to “JMS” is hereby replaced with “Huntington”

Investing in our common shares involves risks. You should carefully read and consider the risk factors included in our reports filed with the Securities and Exchange Commission, in any applicable prospectus supplement and accompanying prospectus relating to a specific offering of common shares and in any other documents we file with the Securities and Exchange Commission. See the section entitled “Risks Factors” beginning on page S-7 of the Prospectus Supplement and page 6 of the accompanying prospectus, as well as those described in our most recent Annual Report on Form 10-K and other periodic reports filed with the Securities and Exchange Commission before buying our common shares.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities, or passed upon the adequacy or accuracy of this Supplement, the Prospectus Supplement, or the accompanying prospectus. Any representation to the contrary is a criminal offense.

Wells Fargo Securities Huntington Capital Markets RBC Capital Markets Siebert Williams Shank

The date of this Supplement is February 20, 2026