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Select Water Solutions plans $175M underwritten offering, 30-day option for $26.25M
Select Water Solutions (WTTR) announced a plan for a $175 million underwritten public offering of Class A common stock. Underwriters have a 30-day option to purchase an additional $26.25 million in shares, potentially increasing the total raise. The company intends to use the net proceeds for water infrastructure growth projects, potential acquisitions, or debt repayment.