Select Water (NYSE: WTTR) completes $201.25M share sale
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Select Water Solutions, Inc. completed a public offering of its Class A common stock, including full exercise of the underwriters’ option. Underwriters purchased an additional $26.25 million of shares at $12.75 per share, bringing total gross proceeds of the offering to approximately $201.25 million.
The company previously entered into an underwriting agreement with J.P. Morgan Securities LLC and BofA Securities, Inc., as representatives of the underwriters. A legal opinion from Vinson & Elkins L.L.P. regarding the validity of the issued shares is included as an exhibit and incorporated by reference into the registration statement.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
FAQ
What did Select Water Solutions (WTTR) announce in this Form 8-K?
Select Water Solutions reported completion of a Class A common stock offering, including full exercise of the underwriters’ option. This increased aggregate gross proceeds to about $201.25 million, reflecting the sale of additional shares at a public offering price of $12.75 per share.
How much capital did Select Water Solutions (WTTR) raise in the offering?
The company raised aggregate gross proceeds of approximately $201.25 million from its Class A common stock offering. This total includes an initial $175.0 million tranche and an additional $26.25 million of shares sold when underwriters exercised their 30-day option in full.
What was the underwriters’ option in the Select Water Solutions (WTTR) deal?
Underwriters had a 30-day option to purchase up to $26.25 million of additional Class A common stock at the public offering price, less discounts. They exercised this option in full on February 23, 2026, with the issuance and sale of those shares closing on February 25, 2026.
Who were the lead underwriters for Select Water Solutions (WTTR)?
J.P. Morgan Securities LLC and BofA Securities, Inc. acted as representatives of the several underwriters. They entered into an underwriting agreement with Select Water Solutions on February 19, 2026, covering both the initial stock sale and the fully exercised option for additional shares.
What legal opinion was included with the Select Water Solutions (WTTR) transaction?
A legal opinion from Vinson & Elkins L.L.P. was filed as an exhibit, addressing the validity of the Class A common stock issued in the offering. The opinion, and related consent, are incorporated by reference into the company’s registration statement for this transaction.