IPO - Global Water Resources, Inc.

Form Type: 8-K

Filing Date: 2025-03-27

Corporate Action: Ipo

Type: New

Accession Number: 000143472825000098

Filing Summary: On March 27, 2025, Global Water Resources, Inc. closed an underwritten public offering of 3,220,000 shares of its common stock at a public offering price of $10.00 per share. The offering was facilitated by an underwriting agreement with Roth Capital Partners, LLC. The shares included 420,000 shares from the underwriters' option to purchase additional shares. Existing stockholders, including directors and their affiliates, acquired a total of 1,439,200 shares during the offering. After deducting underwriting fees and expenses, the company received approximately $30.8 million in net proceeds. The offering was made under the company's effective registration statement on Form S-3, which was declared effective on August 31, 2023. Press releases announcing the launch, pricing, and completion of the offering were also issued on March 25, March 26, and March 27, 2025, respectively.

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