YORK WATER CO 8-K

What Happened

• York Water Company (YORW) filed an 8-K reporting that it entered an Underwriting Agreement with Huntington Securities, Inc. on April 16, 2026, and settled the sale of 1,521,739 shares of common stock on April 17, 2026. The shares were sold at $28.50 per share.

Key Details

• Firm shares sold: 1,521,739 at $28.50 per share.
• Underwriter option: Huntington Securities has a 30-day option to buy up to 228,261 additional shares on the same terms.
• Net proceeds: approximately $41.4 million to the company after underwriting discounts, commissions and estimated offering expenses.
• Use of proceeds: for general corporate purposes, including the company’s capital investment program, repayment of outstanding indebtedness and potential acquisitions.
• The company issued a press release on April 17, 2026 announcing the offering closing.

Why It Matters

• The offering strengthens York Water’s cash position by roughly $41.4M, providing funding for planned capital projects, debt reduction and acquisition opportunities that management highlighted. Issuing 1,521,739 new shares increases the company’s outstanding share count now, and could increase further if the underwriter exercises its 30-day option for up to 228,261 additional shares. Investors should note the capital-raising purpose and potential dilution if the option is exercised.