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AquaVenture announces closing of public offering of ordinary shares

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  • AquaVenture announces closing of public offering of ordinary shares

About the entity

AquaVenture
AquaVenture is a multinational provider of Water-as-a-Service™, or WAAS™, solutions that provide our customers with a reliable and cost-effective source of clean drinking and process water primarily under long-term contracts.
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Global Omnium
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AquaVenture Holdings Limited (NYSE:WAAS) (“AquaVenture” or the “Company”), a leader in Water-as-a-Service® (“WAAS®”) solutions, announced today the closing of its previously announced underwritten public offering of 4,100,000 ordinary shares at a public offering price of $16.88 per share. In connection with the public offering, the underwriters exercised in full their option to purchase an additional 615,000 ordinary shares. The aggregate gross proceeds to AquaVenture from the offering, before deducting the underwriting discounts and commissions and other estimated offering expenses, is approximately $79.6 million.

The Company intends to use the net proceeds of the offering for working capital and other general corporate purposes, including the acquisition of, or investment in, complementary businesses, products, services, technologies or other assets. Citigroup, RBC Capital Markets and UBS Investment Bank acted as joint bookrunning managers for the offering. Canaccord Genuity and Raymond James also acted as joint bookrunning managers for the offering. JMP Securities, B. Riley FBR, Lake Street Capital Markets and Roth Capital Partners acted as co-managers for the offering.

The securities described above were offered by AquaVenture pursuant to a registration statement on Form S-3 previously filed and declared effective by the Securities and Exchange Commission (the “SEC”). The offering was made only by means of a prospectus supplement and related prospectus. A copy of the registration statement, the prospectus supplement and related prospectus can be accessed through the SEC’s website. Alternatively, AquaVenture, the underwriters or any dealer participating in the offering will arrange to send you the final prospectus supplement and related prospectus, when available, if you request it by contacting: Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (Tel: 800-831-9146); Attention: Equity Syndicate, RBC Capital Markets, LLC, 200 Vesey Street, 8th Floor, New York, NY 10281-8098, Toll-free: (877) 822-4098 or email: equityprospectus@rbccm.com; or UBS Securities LLC, Attention: Prospectus Department, 1285 Avenue of the Americas, New York, NY 10019, telephone: 888-827-7275 or email: olprospectusrequest@ubs.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.