Select Water Solutions Prices $175 Million Stock Offering, 30-Day Option for 2 Million Shares
Select Water Solutions priced a secondary offering of 13.7 million Class A shares at $12.75 per share with a 30-day option for 2.06 million additional shares. Net proceeds will fund water infrastructure expansion, potential acquisitions, and debt repayment under its sustainability-linked credit facility.
1. Offering Details
Select Water Solutions announced an underwritten public offering of 13,725,491 Class A shares at $12.75 per share. The company also granted underwriters a 30-day option to purchase up to 2,058,824 additional shares at the same price, less discounts and commissions.
2. Use of Proceeds
Net proceeds from the offering are earmarked for general corporate purposes, including funding water infrastructure growth capital projects, pursuing potential acquisitions, and repaying debt under the company’s sustainability-linked credit facility.
3. Underwriting and Closing
J.P. Morgan and BofA Securities are lead book-running managers, with Citigroup, Piper Sandler and Raymond James as joint book-runners and several co-managers. The offering is expected to close on February 23, 2026, subject to customary closing conditions.