Global Water Resources, a vertically integrated water cycle management company operating in Phoenix, AZ, filed on Tuesday with the SEC to raise up to $6 million in an initial public offering.
Concurrently with the US IPO, it plans to merge with GWR Global Water Resources, which owns a 48% pre-IPO stake and is listed on the Toronto Stock Exchange (GWR).
The Phoenix, AZ-based company was founded in 2003 and plans to list on the Nasdaq under the symbol GWRS. Roth Capital is the sole bookrunner on the deal. No pricing terms were disclosed.
