Global Water Resources, Inc. (GWRS) Form 8-K — Aug 21, 2026
Global Water Resources entered into a securities purchase agreement on August 20, 2026 to sell 1,129,944 shares of common stock at $8.85 per share in a private placement exempt under Section 4(a)(2)/Rule 506, generating aggregate proceeds of approximately $10 million (the purchaser schedule totals $10,000,004.40). The price equals the Nasdaq consolidated closing bid immediately preceding signing, so the company raised capital at market with no discount, and closing was set for August 21, 2026. Insiders dominated the deal: director Jonathan L. Levine purchased through Levine Investments LP ($5,766,819.30 for 651,618 shares), director Andrew M.
Key figures
- Gross Proceeds
- 10000004.4
- Offering Price
- 8.85
- Shares Offered
- 1129944
- Exemption
- Section 4(a)(2) of the Securities Act and Rule 506; purchasers are accredited investors
- Closing Date
- 2026-08-21
- Pricing Basis
- Nasdaq market-value rules; equal to consolidated closing bid price immediately preceding signing
- Andrew Cohn Shares
- 139343
- Verde Investments Shares
- 338983
- Levine Investments LPShares
- 651618
- Verde Investments Investment
- 2999999.55
- Aggregate Purchase Price Approx
- approximately $10 million
Price after filing
Close on the filing date to close N calendar days later (from $8.88). Historical, not a forecast.
AI analysis
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