Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - Global Water Resources, Inc. | exhibit991pressrelease1-30.htm |
| EX-5.1 - EXHIBIT 5.1 - Global Water Resources, Inc. | exhibit51snellopinion.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 30, 2020
GLOBAL WATER RESOURCES, INC.
(Exact name of registrant as specified in its charter)
Delaware | 001-37756 | 90-0632193 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||
21410 N. 19th Avenue #220, Phoenix, Arizona, 85027
(Address of principal executive offices, including zip code)
Registrant’s telephone number, including area code: (480) 360-7775
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol | Name of each exchange on which registered |
Common Stock, par value $0.01 per share | GWRS | The NASDAQ Stock Market, LLC (NASDAQ Global Market) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 | Other Events |
On January 30, 2020, Global Water Resources, Inc. (the “Company”) issued an additional 130,000 shares of its common stock, par value $0.01 per share (the “Shares”), at a price per share of $12.50. The Shares were issued and sold pursuant to the exercise in full of the underwriter's over-allotment option in connection with the Company's previously disclosed public offering (the "Offering"). The Company will receive net proceeds of approximately $1.5 million from the exercise of the over-allotment option after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company, resulting in total net proceeds to the Company from the Offering of approximately $11.6 million. After giving effect to the full exercise of the over-allotment option, the total number of shares sold by the Company in the Offering was 1,000,000 shares.
A copy of the opinion of Snell & Wilmer L.L.P. relating to the legality of the issuance and sale of the Shares is attached hereto as Exhibit 5.1.
On January 30, 2020, the Company issued a press release announcing the exercise and closing of the underwriter's over-allotment option. A copy of the Company’s press release is attached hereto as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference in its entirety.
Item 9.01 | Financial Statements and Exhibits. |
(d) | Exhibits |
Exhibit No. | Description | ||
5.1 | |||
23.1 | |||
99.1 | |||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
GLOBAL WATER RESOURCES, INC. | ||
Date: January 30, 2020 | /s/ Michael J. Liebman | |
Michael J. Liebman | ||
Chief Financial Officer | ||