Select Water Solutions, Inc. has priced an underwritten public offering of 13,725,491 shares of its Class A common stock at $12.75 per share. The offering, conducted under an effective Form S-3 shelf registration statement filed with the SEC, is expected to generate gross proceeds of approximately $175 million before underwriting discounts and commissions. This capital raise represents a significant financial move for the water solutions provider, which specializes in sustainable water and chemical solutions for the energy industry.
The company announced it intends to use the net proceeds for general corporate purposes, with specific focus on water infrastructure growth capital projects, potential acquisitions, and debt repayment under its sustainability-linked credit facility. The offering represents a strategic capital allocation decision that could significantly impact the company's ability to expand its water infrastructure footprint and pursue growth opportunities in the evolving energy water management sector. Underwriters have been granted a 30-day option to purchase up to 2,058,824 additional shares at the public offering price, less underwriting discounts and commissions. This overallotment option could potentially increase the total offering size if fully exercised.
J.P. Morgan and BofA Securities are serving as lead book-running managers for the offering. Citigroup, Piper Sandler and Raymond James are acting as joint book-running managers, with Roth Capital Partners among the co-managers. The involvement of multiple major financial institutions in the offering underscores the transaction's significance in the capital markets. The offering is expected to close on February 23, 2026, subject to customary closing conditions.
The pricing of this offering comes as Select Water Solutions continues to position itself as a leading provider of sustainable water solutions supported by critical water infrastructure assets, chemical manufacturing capabilities, and water treatment and recycling technologies. The company's focus on sustainability-linked financing aligns with growing investor interest in environmentally responsible business practices within the energy sector. For more information about Select Water Solutions, visit https://www.selectwater.com/. The full press release detailing the offering terms is available at https://ibn.fm/B0ndN.
