Here are the 424B prospectus supplements from Chesapeake Utilities (CPK) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow CPK and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CPK filings page.
Chesapeake Utilities Corporation (CPK) may offer and sell common stock with an aggregate offering price of up to $225,000,000 through managers or under forward sale agreements. Sales may occur from time to time in at-the-market transactions, privately negotiated transactions, or sales to a Manager as principal.
For sales through Managers as agents, commissions are up to 2% of the gross sales price per share; CPK receives those sales proceeds net of commissions and other issuance or selling costs. CPK initially receives no proceeds from Forward Sellers’ sales of borrowed shares. It expects net cash proceeds at physical settlement; cash settlement may yield no proceeds and may require a cash payment, while net-share settlement yields no proceeds and may require delivery of shares. Net proceeds are intended for general corporate purposes, including capital expenditures, debt repayment, acquisitions, subsidiary investments and working capital.
The prospectus describes potential dilution from shares issued through the offering or forward settlements, and potential cash payment obligations under forward agreements. CPK also states that dividends are at the board’s discretion and are subject to restrictions in certain debt agreements.