2023-05-18 17:29:49 ET
- Artesian Resources ( NASDAQ: ARTNA ) said Thursday it plans for an underwritten public offering of about 600,000 shares of its Class A non-voting common stock.
- The underwriters in the offering have a 30-day option to purchase from the company an additional 90,000 shares.
- Janney Montgomery Scott LLC is acting as the sole bookrunner.
- The company said the net proceeds will be used for general corporate purposes, including its capital investment program and repayment of outstanding indebtedness.
- Press Release .
For further details see:
Artesian Resources proposes stock offering of 600k shares