Global Water Resources Announces $10M Private Stock Placement

What Happened

• Global Water Resources, Inc. announced on August 20, 2026 that it entered into a Securities Purchase Agreement to sell 1,129,944 shares of its common stock in a private placement exempt from registration.
• The shares were sold at $8.85 per share (the Nasdaq consolidated closing bid immediately before signing) for aggregate proceeds of approximately $10 million. The transaction closed with accredited investors on the purchasers’ signature pages.

Key Details

• Date of agreement: August 20, 2026; Form 8-K filed August 21, 2026.
• Shares issued: 1,129,944 common shares at $8.85 per share; aggregate proceeds ≈ $10 million.
• Purchasers include Levine Investments Limited Partnership (LILP) and Andrew M. Cohn; both are significant stockholders and members of the Company’s board. Jonathan L. Levine (board member) is a limited partner of LILP and has roles at Keim Inc.; Mr. Cohn is Director of Real Estate for LILP.
• Offering was private and exempt from registration under Section 4(a)(2) of the Securities Act and Rule 506; all purchasers are accredited investors.
• The Securities Purchase Agreement (including customary reps and covenants) is filed as Exhibit 10.1 to the 8-K.

Why It Matters

• The company raised roughly $10 million in cash, which increases available capital without a public registered offering.
• The transaction issues 1,129,944 new shares, which dilutes existing shareholders to the extent new shares increase total outstanding shares.
• Insider and board-affiliated participation (LILP and a director) signals continued support from significant stockholders and board members; the filing notes these parties are subject to a prior standstill agreement.
• Investors should note this was a private, accredited-investor placement at market-close pricing rather than a discounted secondary offering.