Global Water Resources Completes $32.2 Million Public Offering of Common Stock

Global Water Completes $32.2 Million Public Offering of Common Stock; Underwriters Exercise Full Over-Allotment Option

Global Water Resources, Inc. (NASDAQ: GWRS) ("Global Water" or the "Company"), a provider of innovative water and wastewater solutions, announced today that it has completed its previously announced public offering of 2,500,000 shares of its common stock, which includes the full exercise of the underwriters' over-allotment option, at a public offering price of $12.94 per share.

The offering generated gross proceeds of $32,350,000 and net proceeds of approximately $30,700,000 after deducting the underwriting commission and other offering expenses. The net proceeds from the offering will be used to repay a portion of the Company's outstanding debt, fund future growth initiatives and for general corporate purposes.

The offering was made through a syndicate of underwriters led by Raymond James & Associates, Inc. and included Janney Capital Markets, LLC, and WBB Securities, LLC.

"We are pleased to have successfully completed this public offering, which will provide us with the necessary capital to drive our growth strategy and continue to deliver value to our shareholders," said Preston R. Feight, President and Chief Executive Officer of Global Water. "We believe our unique approach to providing innovative water and wastewater solutions, combined with our experienced management team and strong financial position, positions us well for continued success in the years to come."