SJW Group (SJW) Prices 1.03M Share Common Offering at $59/Sh

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Go back to SJW Group (SJW) Prices 1.03M Share Common Offering at $59/Sh

SJW Group Announces Pricing of Offering of Common Stock

March 8, 2021 11:55 PM EST

SAN JOSE, Calif.--(BUSINESS WIRE)-- SJW Group (NYSE: SJW) (SJW or the Company) announced today that it has priced its previously announced underwritten public offering of 1,030,000 shares of its common stock, par value $0.001 per share, at a public offering price of $59.00 per share, for aggregate gross proceeds of approximately $60.77 million. SJW has also granted the underwriters a 30-day option to purchase up to an additional 154,500 shares of its common stock. The offering is expected to close on or about March 11, 2021, subject to customary closing conditions.

SJW intends to use the net proceeds... More