- Global Water ( NASDAQ: GWRS ) shares slid over 3% pre-market after the water resource management company priced an underwritten public offering of 1M shares at $13.50/share.
- Gross proceeds are expected to be ~$13.5M; net proceeds will be used to fund acquisitions and for working capital and other general corporate purposes.
- The underwriter has been granted a 30-day option to purchase up to an additional 150,000 shares of common stock at the public offering price.
- Offering is expected to close on or about August 1, 2022.
For further details see:
Global Water stock drops on pricing $13.5M stock offering