Select Water Solutions stock price drops due to offering pricing below market value

2026-02-20 13:53:20

Investing.com – Select Water Solutions Inc. (NYSE:WTTR) stock fell 8% on Friday morning after the company announced that the pricing of its public offering of shares was below the previous day’s closing price.

The company issued 13,725,491 Class A common shares at a price of $12.75 per share. The stock closed at $14.22 on Thursday, making the offering price approximately 10% below the previous close.

The offering was conducted under an effective shelf registration statement on Form S-3 filed with the U.S. Securities and Exchange Commission.

Select Water Solutions stated that the net proceeds from the offering are intended for general corporate purposes, including water infrastructure growth capital projects, potential acquisitions, or repayment of debt under the company’s sustainability-linked credit facility.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.