H2O America (NASDAQ:HTO) is among them Stock Kings List: Top 15 Stocks.
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On March 3, H2O America (NASDAQ:HTO) priced a previously announced public offering of 11.48 million common shares at $53 per share. The company also increased the offer amount from what it had first announced on March 2.
Under the plan, H2O America will directly sell approximately 3.94 million shares. Another 7.55 million shares will be sold through sales agreements with JPMorgan Chase Bank and Wells Fargo Bank. The underwriters have also been granted a 30-day option to purchase an additional 1.72 million shares under similar terms. The company expects the offering to generate net proceeds of approximately $588.9 million. If the underwriters exercise their option in full, the total could reach about $677.2 million.
H2O America said the funds, along with debt financing, will support the acquisition of Quadvest. Proceeds may also cover transaction-related costs and support general corporate objectives. This may include acquisitions, capital investments, share buybacks, or debt repayments.
H2O America (NASDAQ:HTO), formerly known as SJW Group, operates as a national investor-owned network of local water and wastewater utilities focused on delivering clean, high-quality water to communities.
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Read more: The 40 most popular stocks among hedge funds heading into 2026 And the 13 best defensive dividend stocks for 2026.
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