Middlesex Water sets up up to $110 million at-the-market share sale program
Middlesex Water Company entered into an at-the-market equity sales agreement on May 12, 2025, allowing it to sell common stock up to $110,000,000 through BofA Securities, Robert W. Baird & Co., and Janney Montgomery Scott. The company says proceeds would fund capital expenditures, plant equipment, and general corporate purposes, and it is not obligated to sell any shares; sales would dilute existing shareholders' ownership.
Key points
- Maximum aggregate offering amount: $110,000,000 of common stock, sold from time to time at prevailing market prices
- Sales agents receive commissions of up to 2.0% of gross proceeds, plus reimbursement of certain expenses
- Sales are made under a Form S-3 shelf registration (File No. 333-287177) filed May 12, 2025, with a prospectus supplement filed the same day
- Middlesex is not obligated to sell any shares and may terminate the agreement at any time
The filing
Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 12, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.