H2O America Announces $325M Public Offering Of 6.5M Equity Units At $50/Unit
Each equity unit will be issued in a stated amount of $50 ($325 million aggregate stated amount) and will initially be in the form of a corporate unit consisting of a contract to purchase the Company’s common stock in
H2O America is raising $325 million by selling new ownership pieces. This gives the company cash, but it means current owners own a smaller piece of the company.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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