CHESAPEAKE UTILITIES CORPORATION ANNOUNCES $225 MILLION AT-THE-MARKET (ATM) EQUITY OFFERING PROGRAM
Chesapeake Utilities Corporation announced it has established an at-the-market (ATM) equity offering program to sell shares of its common stock having an aggregate sales price of up to $225 million, from time to time through designated managers or forward sellers.
Why it matters — The program allows Chesapeake Utilities to raise up to $225 million in capital by issuing common stock over time, which CPK watchers would monitor for potential share dilution and the company's future funding plans.