AquaVenture Announces Proposed Public Offering of Ordinary Shares
AQUAVENTURE HOLDINGS LTD (WAAS)
Last aquaventure holdings ltd earnings: 3/5 05:05 pm
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US:NYSE Investor Relations:
investors.aquaventure.com
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Source: Business Wire
TAMPA, Fla.--(BUSINESS WIRE)--AquaVenture Holdings Limited (NYSE: WAAS) (“AquaVenture” or the “Company”), a leader in Water-as-a-Service® (“WAAS®”) solutions, announced today the commencement of an underwritten public offering of 4,100,000 ordinary shares. The Company expects to grant the underwriters of the offering a 30-day option to purchase up to 615,000 additional ordinary shares. AquaVenture, its directors and officers and Element Partners (the Company's largest shareholder) have agreed to a lock-up (subject to certain exceptions) for a period of 90 days after the date of the prospectus supplement for the offering. The offering is subject to market and other customary conditions, and there can be no assurance as to whether or when the offering may be completed.The Company intends to use the net proceeds of the offering for working capital and other general corporate purposes, including the acquisition of, or investment in, complementary businesses, products, services, techno
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