NetworkNewsBreaks – Global Water Resources Inc. (NASDAQ: GWRS) Secures ~$15.5M in Public Offering
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…