Global Water Resources (NASDAQ: GWRS), a pureplay water resource management company, announced its completion of a public offering of 1,150,000 shares of its common stock at a previously disclosed price of $13.50 per share. The offering includes 150,000 shares issued and sold to the underwriter who exercised in full its option to purchase additional shares of common stock. Global Water Resources secured approximately $15.5 million in gross proceeds before deducting underwriting discounts, commissions and estimated offering expenses. The company anticipates using the net proceeds to fund acquisitions and for working capital and other general corporate purposes. Roth Capital Partners acted as sole manager for the offering.
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About Global Water Resources Inc.
Global Water Resources is a leading water resource management company that owns and operates 25 systems, providing water, wastewater and recycled water services. The company’s service areas are located primarily in growth corridors around metropolitan Phoenix. The company recycles nearly 1 billion gallons of water annually. For further information about the company, please visit www.GWResources.com.
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