DOVER, Del., Nov. 22, 2024/ PRNewswire/– Chesapeake Utilities Corporation CPK (” Chesapeake Utilities” or the “Business”) today revealed that it has actually developed an at-the-market equity offering program (the “ATM Program”) under which it might, from time to time, offer shares of its typical stock having an aggregate prices of as much as $ 100,000,000 (the “Shares”). Chesapeake Utilities has actually participated in an equity circulation arrangement with each of RBC Capital Markets, LLC, Barclays Capital Inc., Janney Montgomery Scott LLC, Ladenburg Thalmann & & Co. Inc., Guggenheim Securities, LLC, People JMP Securities, LLC, M&T Securities, Inc., Maxim Group LLC, PNC Capital Markets LLC, and Siebert Williams Shank & & Co., LLC (jointly, the “Sales Agents”), as sales representatives. Pursuant to the equity circulation arrangement, sales of the Shares might be made in deals considered to be “at-the-market offerings,” as specified in Guideline 415 under the Securities Act of 1933, as changed, consisting of by sales made straight on or through the New York Stock Exchange. Chesapeake Utilities plans to utilize the earnings from the sales, if any, of the Shares for basic business functions, consisting of, however not restricted to, funding of capital investment, payment of short-term financial obligation, funding acquisitions, purchasing subsidiaries, and basic working capital functions.
The Shares will be provided under the Business’s existing rack registration declaration on Kind S-3ASR (File No.: 333-274284) submitted with the Securities and Exchange Commission (the “SEC”). The offering is being made by methods of a prospectus supplement to the prospectus included in the registration declaration. Before making a financial investment in the Shares, prospective financiers must check out the prospectus and the prospectus supplement for more total info about Chesapeake Utilities and the offering. Prospective financiers might acquire these files totally free by going to EDGAR on the SEC’s site at www.sec.gov. Additionally, the Business or the Sales Representatives will organize, upon demand, to send out the prospectus. Please direct demands to: RBC Capital Markets, LLC by mail at 200 Vesey Street, 8th Flooring, New York City, NY 10281-8098, attention: Equity Distribute, by e-mail at equityprospectus@rbccm.com or by telephone at 877-822-4089.
This news release will not make up a deal to offer or the solicitation of a deal to purchase, nor will there be any sale of these securities, in any state or other jurisdiction in which such deal, solicitation or sale would be illegal previous to registration or certification under the securities laws of any such state or other jurisdiction.
Positive Declarations
Matters consisted of in this release might consist of positive declarations that include dangers and unpredictabilities. Real outcomes might vary materially from those in the positive declarations. Please describe the Safe Harbor for Forward-Looking Statements in the Business’s 2023 Yearly Report on Kind 10-K and Quarterly Report on Kind 10-Q for the 3rd quarter of 2024 for additional info on the dangers and unpredictabilities associated with the Business’s positive declarations.
About Chesapeake Utilities Corporation
Chesapeake Utilities Corporation is a varied energy shipment business, noted on the New York Stock Exchange. Chesapeake Utilities Corporation uses sustainable energy options through its gas transmission and circulation, electrical energy generation and circulation, lp gas circulation, mobile compressed gas energy services and options, and other organizations.
Contacts:
Financiers
Beth W. Cooper
Executive Vice President, Chief Financial Officer, Treasurer and Assistant Corporate Secretary
302.734.6022
Michael D. Galtman
Senior Vice President and Chief Accounting Officer
302.217.7036
Noah T. Russell
Assistant Vice President and Assistant Treasurer
302.387.9147
Media
Alexander Nye
Director, Strategic Communications
727.754.0136
ANye@chpk.com
View initial material to download multimedia: https://www.prnewswire.com/news-releases/chesapeake-utilities-corporation-announces-100-million-at-the-market-equity-offering-program-302314606.html
SOURCE Chesapeake Utilities Corporation
Market News and Data gave you by Benzinga APIs