05:26 PM EDT, 03/25/2025 (MT Newswires) -- Global Water Resources ( GWRS ) said Tuesday it launched an underwritten public offering of common stock.

The company expects to grant the underwriters a 30-day option to buy up to an additional 15% of the shares at the public offering price, minus underwriting discounts and commissions.

Global Water Resources ( GWRS ) said it plans to use the net proceeds from the offering to support acquisitions, working capital, and other general corporate needs.

Shares of Global Water were down 3.5% in recent after-hours activity.