Global Water Resources, Inc. announced that it expects to receive $2.7761 million in funding from Coeli Sicav I - Circulus America Small Cap and other investor
June 07, 2023
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Global Water Resources, Inc. announced that it will issue 230,000 common shares at an issue price of $12.07 per share for gross proceeds of$2,776,100 on June 8, 2023. The company will issue common shares in the transaction. The company will issue securities pursuant to exemption provided under Regulation D. The transaction will include participation from new investor, Coeli Sicav I - Circulus America Small Cap will invest $ 2,414,000 for 200,000 shares and individual investor, Andrew M. Cohn will invest $ 362,100 for 30,000 shares.
Global Water Resources, Inc. is a water resource management company. It owns, operates, and manages 29 water, wastewater, and recycled water systems in strategically located communities, principally in metropolitan Phoenix and Tucson, Arizona. It seeks to deploy an integrated approach, referred to as Total Water Management. Total Water Management is a comprehensive approach to water utility management that reduces demand on scarce non-renewable water sources and costly renewable water supplies, in a manner that ensures sustainability and communities both environmentally and economically. It treats water to potable standards and also treats, cleans, and recycles wastewater for a variety of non-potable uses. Its water supplies are derived from groundwater. It serves more than 82,000 people in over 32,000 homes within its 408 square miles of certificated service areas. It provides water and wastewater utility services under the regulatory authority of the Arizona Corporation Commission.
Global Water Resources, Inc. announced that it expects to receive $2.7761 million in funding from Coeli Sicav I - Circulus America Small Cap and other investor
GLOBAL WATER RESOURCES, INC. 
