York Water Company Announces Proposed Public Offering of Common Stock

Key Highlights for Investors

• Proposed Public Offering: The York Water Company (NASDAQ: YORW), a leading provider of water and wastewater utility services, has announced a proposed public offering of its common stock. All shares will be offered by the company itself.
• Option for Additional Shares: York Water plans to grant underwriters a 30-day option to purchase additional shares, potentially increasing the size of the offering.
• Use of Proceeds: The net proceeds from the offering are intended for general corporate purposes, which include:
  • Funding the company’s capital investment program
  • Repayment of outstanding indebtedness
  • Potential acquisitions of other businesses or assets
• Offering Management: Huntington Securities, Inc. is acting as the sole book-running manager, with Seaport Global Securities as co-manager.
• Regulatory Details: The offering will be made under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC) on Form S-3 (Registration No. 333-28348). The offering will proceed only after market and customary closing conditions are met, and there is no guarantee on its completion.
• Access to Documents: Investors interested in further details can access the preliminary prospectus supplement and accompanying prospectus on the SEC’s EDGAR website or by contacting Huntington Securities directly.

Key Points for Shareholders and Potential Price-Sensitive Information

• Dilution Risk: As all shares are being offered by York Water, current shareholders may face dilution of their equity if the offering is completed and additional shares are issued.
• Strategic Flexibility: The company’s stated use of proceeds for capital investments, debt repayment, and acquisitions signals a strategic focus on growth and strengthening the balance sheet, which could positively impact the company’s future performance and valuation.
• Uncertainty Over Completion: The offering is subject to market conditions and other customary requirements, and there is no assurance it will be completed. This uncertainty may affect short-term share price volatility.
• Forward-Looking Statements: The release contains forward-looking statements, and the company has cautioned investors about reliance on such statements, which are subject to change and risks as described in SEC filings.

What Investors Should Watch For

• If the offering is significantly oversubscribed or priced at a premium, it could indicate strong investor demand and confidence, potentially moving the stock higher.
• If the final pricing is below the current trading price, or if there is concern about dilution, shares could face downward pressure.
• Investors should closely monitor the use of proceeds, especially potential acquisitions, as these could transform the company’s growth trajectory.

How to Obtain More Information

Interested parties can access the preliminary prospectus supplement and accompanying prospectus on the SEC’s EDGAR website (www.sec.gov) or request a copy from Huntington Securities, Inc., 41 South High Street, Columbus, OH 43215, or via email at [email protected].

Contact Information

• JT Hand, President & CEO: [email protected]
• Matthew E. Poff, Chief Financial Officer: [email protected]
• Phone: 717-845-3601
• Address: 130 East Market Street, York, PA 17401

Disclaimer: This article is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any offering will be made only by means of a prospectus. Investors should consult the company’s filings with the SEC and their financial advisor before making investment decisions. The article contains forward-looking statements subject to various risks and uncertainties. The York Water Company undertakes no duty to update any forward-looking statement.

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