Business Context and Reporting Period
Company: Middlesex Water Company (MSEX)
Filing Type: Form 8-K (Current Report)
Date of Report: February 20, 2026
Reporting Period: Event date February 20, 2026; Signed February 24, 2026
This filing reports the entry into a material definitive agreement regarding the company's At-The-Market (ATM) equity offering program.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on a corporate action regarding capital raising.
Capital Raising Program Details:
- Program Type: At-The-Market (ATM) Equity Offering
- Maximum Aggregate Offering Amount: $110,000,000
- Securities: Common Stock, No Par Value
- Registration: Form S-3 (File No. 333-287177)
Material Changes Versus Prior Period
The filing details an amendment to the existing ATM Equity Offering Sales Agreement dated May 12, 2025. The material changes are limited to the sales agents:
- Removed Agent: Janney Montgomery Scott LLC ceased acting as a sales agent.
- Added Agent: Huntington Securities, Inc. was added as a sales agent.
- Unchanged Terms: The manner of sale, commissions, and the maximum aggregate offering amount of $110,000,000 were not modified.
Guidance, Outlook, and Risks
Management Commentary: The company filed a supplement to the prospectus supplement to reflect the change in sales agents. The Equity Sales Agreement remains in full force and effect except for the agent changes.
Risks and Contingencies: The filing includes standard legal disclaimers stating that the report does not constitute an offer to sell securities in any jurisdiction where such an offer would be unlawful prior to registration or qualification.
Unusual Items: None reported.
Investor Verification Checklist
- Verify the updated list of sales agents (BofA Securities, Robert W. Baird & Co., Huntington Securities) for future ATM transactions.
- Confirm the remaining capacity under the $110,000,000 ATM program by reviewing recent 10-Q or 10-K filings.
- Review the filed Amendment (Exhibit 1.1) for any specific commission rate adjustments not explicitly detailed in the summary.
- Monitor subsequent filings for actual share issuances and proceeds generated under the amended agreement.