SEC Comment Letter for ARTESIAN RESOURCES CORP (ARTNA, ARTNB) (CIK 0000863110) (ARTNA) — Aug 30, 2022
ARTESIAN RESOURCES CORP (ARTNA, ARTNB) (CIK 0000863110)
Date: Aug. 30, 2022 · CIK: 0000863110 · Accession: 0000000000-22-009399
AI Filing Summary & Sentiment
File numbers found in text: 333-266821
Letter
United States securities and exchange commission logo August 30, 2022 Dian C. Taylor President and Chief Executive Officer Artesian Resources Corporation 664 Churchmans Road Newark, DE 19702 Re:Artesian Resources Corporation Registration Statement on Form S-3 Filed August 12, 2022 File No. 333-266821 Dear Ms. Taylor: We have limited our review of your registration statement to those issues we have addressed in our comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Registration Statement on Form S-3 filed August 12, 2022 Cover Page 1.Please revise your cover page to disclose your dual class capital structure consisting of Class A Non-Voting Common Stock and Class B Common Stock. In this regard, clarify that only holders of Class B Common Stock have the right to vote for the election of directors and other stockholder matters, and that holders of Class A Non-Voting Common Stock generally have no voting rights. Please also add related risk factor disclosure. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
FirstName LastNameDian C. Taylor Comapany NameArtesian Resources Corporation August 30, 2022 Page 2 FirstName LastName Dian C. Taylor Artesian Resources Corporation August 30, 2022 Page 2 Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement. Please contact Cheryl Brown, Staff Attorney, at (202) 551-3905 or Irene Barberena- Meissner, Staff Attorney, at (202) 551-6548 with any questions. Sincerely, Division of Corporation Finance Office of Energy & Transportation cc: Joanne R. Soslow, Esq.
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United States securities and exchange commission logo
August 30, 2022
Dian C. Taylor
President and Chief Executive Officer
Artesian Resources Corporation
664 Churchmans Road
Newark, DE 19702
Re:Artesian Resources Corporation
Registration Statement on Form S-3
Filed August 12, 2022
File No. 333-266821
Dear Ms. Taylor:
We have limited our review of your registration statement to those issues we have
addressed in our comments. In some of our comments, we may ask you to provide us with
information so we may better understand your disclosure.
Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe our comments apply to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
After reviewing any amendment to your registration statement and the information you
provide in response to these comments, we may have additional comments.
Registration Statement on Form S-3 filed August 12, 2022
Cover Page
1.Please revise your cover page to disclose your dual class capital structure consisting
of Class A Non-Voting Common Stock and Class B Common Stock. In this regard,
clarify that only holders of Class B Common Stock have the right to vote for the election
of directors and other stockholder matters, and that holders of Class A Non-Voting
Common Stock generally have no voting rights. Please also add related risk factor
disclosure.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
FirstName LastNameDian C. Taylor
Comapany NameArtesian Resources Corporation
August 30, 2022 Page 2
FirstName LastName
Dian C. Taylor
Artesian Resources Corporation
August 30, 2022
Page 2
Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate
time for us to review any amendment prior to the requested effective date of the registration
statement.
Please contact Cheryl Brown, Staff Attorney, at (202) 551-3905 or Irene Barberena-
Meissner, Staff Attorney, at (202) 551-6548 with any questions.
Sincerely,
Division of Corporation Finance
Office of Energy & Transportation
cc: Joanne R. Soslow, Esq.