Chesapeake Utilities Launches $100 Million At-The-Market Equity Program for Growth Initiatives
Chesapeake Utilities Launches $100 Million At-The-Market Equity Program
Chesapeake Utilities Corporation (NYSE: CPK), a prominent diversified energy delivery company, announced today its establishment of an at-the-market equity offering program. This initiative represents a significant move by the company as it seeks to raise up to $100 million through the sale of its common stock in strategic offerings directly on the New York Stock Exchange.
Details of the Offering
Under this new program, known as the ATM Program, Chesapeake Utilities plans to sell shares of its common stock, setting aside an aggregate sales price that could reach $100 million. To aid in this process, the company has entered into agreements with a group of leading financial institutions, referred to collectively as the 'Sales Agents'. These agents, including RBC Capital Markets, Barclays Capital, and others, will facilitate the sales transactions that qualify under the definition of
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