Item 8.01 - Other Events.

On May 23, 2023, Artesian Resources Corporation (the "Company") announced the closing of its previously announced underwritten public offering consisting of 695,650 shares of the Company's Class A Non-Voting Common Stock (the "Class A Common Stock"), par value $1.00 per share, at a price to the public of $50 per share. On June 16, 2023, Janney Montgomery Scott LLC (the "Underwriter") partially exercised its over-allotment option, purchasing an additional 67,689 shares of Class A Common Stock at the public offering price, less underwriting discounts and commissions. The net proceeds to the Company from the offering were approximately $3.24 million. All of the shares of Class A Common Stock sold in the offering were offered by the Company.

Janney Montgomery Scott LLC acted as the sole book-running manager for the offering.

Neither this Current Report on Form 8-K nor the exhibits attached hereto constitute an offer to sell or the solicitation of an offer to buy the securities described herein or therein, nor shall there be any sale of such securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Item 9.01 Financial Statements and Exhibits



(d) Exhibits.

Exhibit No.                                   Exhibit
  5.1             Opinion of Morgan, Lewis & Bockius LLP

  23.1            Consent of Morgan, Lewis & Bockius LLP (included in Exhibit 5.1)

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses