Unitil Corp. (UTL) Announces 800K Share Offering

Unitil Corporation (NYSE: UTL) announced today that it plans to make an underwritten public offering of 800,000 newly issued shares of common stock pursuant to an effective shelf registration statement on Form S-3 filed with the Securities and Exchange Commission. Unitil also plans to grant the underwriters a 30-day option to purchase up to an additional 120,000 shares. Net proceeds from this offering are expected to be used to make equity capital contributions to Unitil’s regulated utility subsidiaries, to repay debt and for general corporate purposes.

RBC Capital Markets, LLC and BofA Securities will act as joint book-running managers of the offering. Janney Montgomery Scott LLC will act as co-manager of the offering.

A copy of the preliminary prospectus supplement and the accompanying prospectus relating to this offering is available at www.sec.gov and also may be obtained from:

This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and there will not be any sales in any jurisdiction in which such sales would be unlawful. The offer is being made only through the prospectus supplement and the accompanying prospectus, which is part of a registration statement that became effective on August 3, 2021.

You May Also Be Interested In

• GD Culture Group prices $5.45M stock offering at $0.021 per share
• Fabric.AI stockholders approve Kopin partnership for MicroLED interconnect
• CalciMedica raises up to $49M in private placement for PH program