York Water (NASDAQ: YORW) prices $43M underwritten common stock sale
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
The York Water Company is raising equity through a newly priced public stock offering. The company is offering 1,521,739 shares of common stock at $28.50 per share, for expected gross proceeds of approximately $43 million before underwriting costs.
Underwriters have a 30-day option to buy up to 228,261 additional shares at the same public price, less discounts and commissions. York Water plans to use the net proceeds for general corporate purposes, including its capital investment program, repaying outstanding debt, and potential acquisitions. The deal is being conducted as an underwritten offering under an effective Form S-3 shelf registration.
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Insights
York Water prices a primary equity raise to fund growth and strengthen its balance sheet.
The York Water Company has priced an underwritten public offering of 1,521,739 common shares at $28.50 per share, targeting gross proceeds of about $43 million. This is a primary issuance under an existing Form S-3 shelf registration, meaning new shares will be created.
The company indicates net proceeds will support general corporate purposes, including its capital investment program, repayment of outstanding indebtedness, and potential acquisitions. A 30-day over-allotment option allows underwriters to purchase up to 228,261 additional shares, which could modestly increase total capital raised if fully exercised.
For shareholders, this transaction introduces some equity dilution but also brings in fresh capital to fund regulated utility investments and reduce leverage. Actual impact will depend on how efficiently York Water deploys the proceeds across projects, debt reduction, and acquisition opportunities disclosed in future company filings.
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.
Key Figures
Primary shares offered: 1,521,739 shares
Offering price: $28.50 per share
Expected gross proceeds: approximately $43 million
+3 more
6 metrics
Primary shares offered
1,521,739 shares
Common stock in underwritten public offering
Offering price
$28.50 per share
Price to the public for common stock
Expected gross proceeds
approximately $43 million
Aggregate gross proceeds before underwriting costs
Underwriters’ option shares
228,261 shares
Additional shares available under 30-day option
Shelf registration form
Form S-3
Effective shelf registration statement for the offering
Registration number
333-283488
SEC registration number for Form S-3 shelf
Key Terms
underwritten public offering, shelf registration statement, prospectus supplement, forward-looking statements, +1 more
5 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
"being made pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission"
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.
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.
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.
capital investment program financial
"including our capital investment program, repayment of outstanding indebtedness, and potential acquisitions"
Offering Details
primary
Offering
Offering Type
primary
Use of Proceeds
General corporate purposes, including capital investment program, repayment of outstanding indebtedness, and potential acquisitions.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report: April 16, 2026 (April 16, 2026 )
(Date of earliest event reported)
(Exact name of registrant as specified in its charter)
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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(Address of principal executive offices)
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(Zip Code)
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Registrant’s telephone number, including area code (717 ) 845-3601
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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(Title of Class)
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(Trading Symbol)
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(Name of Each Exchange on Which Registered)
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this
chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any
new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
THE YORK WATER COMPANY
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OTHER EVENTS
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On April 16, 2026, The York Water Company (the “Company”) issued a press release announcing the pricing of its public offering of shares of the
Company’s common stock, no par value (the “Offering”). A copy of such press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Neither the disclosures in this Current Report on Form 8-K nor the exhibits hereto shall constitute an offer to sell or the solicitation of an offer to
buy the securities described herein and therein, nor shall there be any sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities
laws of any such state or jurisdiction.
Cautionary Statement Regarding Forward-Looking Information
Certain statements contained in this Form 8-K and the exhibits hereto constitute “forward-looking statements” within the meaning of Section 21E of the Securities
Exchange Act of 1934 and Section 27A of the Securities Act of 1933. Words such as “may,” “should,” “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan” and similar expressions are intended to identify forward-looking statements. These
forward-looking statements include certain information relating to the Company’s business strategy and future prospects; including, but not limited to:
• the amount and timing of rate increases and other regulatory matters
including the recovery of costs recorded as regulatory assets;
• expected profitability and results of operations;
• trends;
• goals, priorities and plans for, and cost of, growth and expansion;
• strategic initiatives;
• availability of water supply;
• water usage by customers; and
• the ability to pay dividends on our common stock and the rate of those
dividends.
These forward-looking statements reflect what the Company currently anticipates will happen. What actually happens could differ materially from what it currently
anticipates and you should not place undue reliance upon such statements, which are based only on information currently available to the Company and speak only as of the date hereof. The Company does not intend to make a public announcement when
forward-looking statements are no longer accurate, whether as a result of new information, what actually happens in the future or for any other reason. Important matters that may affect what will actually happen include, but are not limited to:
• changes in weather or climate, including drought conditions or extended
periods of heavy precipitation;
• natural disasters, including pandemics and the effectiveness of the
Company’s response plans;
• levels of rate relief granted;
• the level of commercial and industrial business activity within the
Company’s service territory;
• construction of new housing within the Company’s service territory and
increases in population;
• changes in government policies or regulations, including the tax code,
and the impact of government shutdowns;
• the ability to obtain permits for expansion projects;
• material changes in demand from customers, including the impact of
conservation efforts which may impact the demand of customers for water;
• changes in economic and business conditions, including interest rates;
• loss of customers;
• changes in, or unanticipated, capital requirements, including requirements
relating to compliance with increasing environmental and safety regulations;
• the impact of acquisitions;
• changes in accounting pronouncements;
• changes in the Company’s credit rating or the market price of its common
stock; and
• the ability to obtain financing.
You should also refer to the risk factors and cautionary statements described in other documents that we file from time to time with the Securities and Exchange
Commission (the “SEC”), including in our most recent Annual Report on Form 10-K for the year ended December 31, 2025. The Company’s SEC filings are accessible on the SEC website at www.sec.gov.
| ITEM 9.01. |
FINANCIAL STATEMENTS AND EXHIBITS
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(d) Exhibits:
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Exhibit
Number
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Description
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99.1
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Press release dated April 16, 2026.
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104
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Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document).
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
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THE YORK WATER COMPANY
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(Registrant)
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By:
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/s/ Matthew E. Poff
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Name:
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Matthew E. Poff
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Title:
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Chief Financial Officer
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| Dated: April 16, 2026 | ||
Exhibit 99.1
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NEWS RELEASE
Contact Information:
JT Hand, President & CEO
jth@yorkwater.com
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Matthew E. Poff, Chief Financial Officer
matthewp@yorkwater.com
717-845-3601
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 130 East Market Street
York, PA 17401
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THE YORK WATER COMPANY ANNOUNCES PROPOSED PUBLIC OFFERING OF COMMON STOCK
York, Pennsylvania, April 16, 2026: 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.
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FAQ
What is The York Water Company (YORW) offering in its new stock sale?
The York Water Company is offering 1,521,739 shares of common stock at $28.50 per share in an underwritten public offering, aiming to raise approximately $43 million in gross proceeds before underwriting discounts and commissions, with an additional 228,261-share option for underwriters.
How much money will YORW raise from its public offering of common stock?
York Water expects to raise approximately $43 million in aggregate gross proceeds from selling 1,521,739 shares at $28.50 per share, before underwriting discounts and commissions. This total could increase if underwriters exercise their 30-day option to purchase up to 228,261 additional shares.
How will The York Water Company use the net proceeds from this offering?
York Water intends to use the net proceeds for general corporate purposes. These include funding its capital investment program, repaying outstanding indebtedness, and pursuing potential acquisitions to support future growth within its regulated water and wastewater utility operations.
Is the York Water (YORW) stock offering made under a shelf registration?
Yes. The offering is being conducted under an effective shelf registration statement on Form S-3 filed with the SEC, allowing York Water to issue common stock using a prospectus supplement and accompanying prospectus already on file and declared effective.
Who is managing The York Water Company’s underwritten stock offering?
Huntington Capital Markets is acting as the sole book-running manager for York Water’s common stock offering, while Seaport Global Securities serves as co-manager. Investors can obtain the preliminary prospectus supplement and prospectus through the SEC’s EDGAR system or Huntington’s syndicate desk.