Feb. 20 at 1:52 PM
Select Water Solutions Inc. announced an underwritten public offering of 13,725,491 Class A common shares priced at
$12.75 per share, representing roughly a 10% discount to Thursday’s
$14.22 closing price.
The offering is being conducted pursuant to an effective Form S-3 shelf registration statement filed with the U.S. Securities and Exchange Commission, allowing the company flexibility in accessing capital markets.
Select Water Solutions said it intends to use the net proceeds for general corporate purposes, including funding water infrastructure growth capital projects, pursuing potential acquisitions, and repaying borrowings under its sustainability-linked credit facility.
$WTTR