Form 8-K
8-K — Consolidated Water Co. Ltd.
Accession: 0001104659-26-085807
Filed: 2026-07-22
Period: 2026-07-22
CIK: 0000928340
SIC: 4941 (WATER SUPPLY)
Item: Other Events
Item: Financial Statements and Exhibits
Documents
8-K — tm2621129d1_8k.htm (Primary)
EX-99.1 — EXHIBIT 99.1 (tm2621129d1_ex99-1.htm)
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UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C.
20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION
13 OR 15(d) OF THE
SECURITIES EXCHANGE
ACT OF 1934
July 22, 2026
(Date of earliest
event reported)
CONSOLIDATED WATER CO. LTD.
(Exact Name of Registrant
as Specified in Charter)
Cayman Islands, B.W.I.
0-25248
98-0619652
(State or Other Jurisdiction of
(Commission File No.)
(IRS Employer Identification No.)
Incorporation)
Regatta Office Park
Windward Three, 4th Floor
West Bay Road, P.O. Box 1114
Grand Cayman, KY1-1102
Cayman Islands
(Address of Principal
Executive Offices)
(345) 945-4277
(Registrant’s
telephone number, including area code)
Not Applicable
(Former Name or Former
Address, if Changed Since Last Report)
Check the appropriate box below if the Form
8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
(see General Instructions A.2. below):
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which
registered
Class
A common stock, $0.60 par value
CWCO
The
Nasdaq Global Select Market
Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 8.01
Other Events.
On July 22, 2026, Consolidated Water Co. Ltd.
(the “Company”) issued a press release announcing that (i) the Company received a Limited Notice to Proceed from the Board
of Water Supply of the City and County of Honolulu, Hawaii authorizing the procurement of approximately $6 million of long-lead equipment
for the Kalaeloa seawater reverse osmosis desalination facility, and (ii) the Company received purchase orders totaling approximately
$10.1 million from a municipality on Florida’s east coast for nanofiltration membrane water treatment equipment and horizontal cartridge
filters. A copy of the press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.
Description
99.1
Press Release dated July 22, 2026.
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).
2
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
CONSOLIDATED WATER CO. LTD.
By:
/s/ David W. Sasnett
Name:
David W. Sasnett
Title:
Executive Vice President & Chief Financial Officer
Date: July 22, 2026
3
EX-99.1 — EXHIBIT 99.1
EX-99.1
Filename: tm2621129d1_ex99-1.htm · Sequence: 2
Exhibit 99.1
Consolidated
Water Receives Limited Notice to Proceed on Hawaii Project and Awarded Record $10.1 Million Municipal Water Treatment Equipment Order
in Florida
Limited Notice
to Proceed authorizes approximately $6 million for procurement of long-lead equipment for Kalaeloa desalination facility
GEORGE TOWN, Grand Cayman, Cayman Islands,
July 22, 2026 -- Consolidated Water Co. Ltd. (NASDAQ Global Select Market: CWCO), a leading designer, builder and operator of advanced
water treatment plants, today announced important progress on its seawater desalination project in Kalaeloa, Hawaii and the receipt of
purchase orders totaling approximately $10.1 million for municipal water treatment equipment in Florida.
The company recently received a Limited Notice
to Proceed from its client, the Honolulu Board of Water Supply, authorizing the procurement of various long-lead equipment for the Kalaeloa
seawater reverse osmosis desalination facility. The Limited Notice to Proceed releases approximately $6 million in project funds, enabling
the company to procure critical long-lead equipment.
While the commencement date of construction has
still not been established due to permitting delays that are outside the control of both Consolidated Water and the Board of Water Supply,
the authorization of early procurement of long-lead equipment clearly demonstrates the Board of Water Supply’s continued commitment
to mitigate the potential effect of these delays on the project schedule and position the facility to be completed as soon as practicable.
The Kalaeloa facility is being developed under
Consolidated Water’s contract to design, build, operate and maintain a seawater reverse osmosis desalination plant capable of producing
1.7 million gallons of potable water per day. Following commissioning, the company is contracted to operate and maintain the facility
for 20 years, with two additional five-year extension options at the client’s discretion.
In a separate development, Consolidated Water
recently received purchase orders from a municipality on Florida’s east coast to design, fabricate and deliver nanofiltration membrane
water treatment equipment and horizontal cartridge filters valued at approximately $10.1 million.
These purchase orders represent the largest orders
secured by the company to date for municipal membrane-based water treatment equipment and for its line of horizontal cartridge filters.
Delivery of the equipment is scheduled for November 2027.
“These two developments represent important
progress for our services and manufacturing businesses,” said Consolidated Water CEO Rick McTaggart. “The Limited Notice to
Proceed reflects our Hawaii client’s continued commitment to advancing the Kalaeloa desalination facility while we manage permitting
matters that are outside the control of both parties. Procuring long-lead equipment at this stage should help reduce potential scheduling
pressure and enable the project to move forward more efficiently.”
“The $10.1 million in Florida purchase orders
further demonstrate the strength and breadth of our manufacturing capabilities,” continued McTaggart. “Securing our largest
municipal membrane equipment order and our largest horizontal cartridge filter order to date represents a significant achievement for
this business. Together, these developments reinforce our ability to provide advanced water treatment solutions across multiple phases
of the water infrastructure value chain, from specialized equipment manufacturing to the design, construction and long-term operation
of major treatment facilities.”
About Consolidated Water Co. Ltd.
Consolidated Water Co. Ltd. develops
and operates advanced water treatment plants and water distribution systems. The company designs, constructs and operates seawater desalination
facilities in the Cayman Islands, The Bahamas and the British Virgin Islands, and designs, constructs and operates water treatment and
reuse facilities in the United States.
The company also manufactures
and services a wide range of products and provides design, engineering, management, operating and other services applicable to commercial
and municipal water production, supply and treatment, and industrial water and wastewater treatment.
For
more information, visit cwco.com.
Cautionary Note Regarding Forward-Looking Statements
This press release includes statements that may
constitute "forward-looking" statements, usually containing the words "believe", "estimate", "project",
"intend", "expect", "should", "will" or similar expressions. This press release contains, or may
be deemed to contain, “forward-looking statements” (as defined in the U.S. Private Securities Litigation Reform Act of 1995),
including statements regarding the anticipated construction schedule and completion of the Kalaeloa desalination facility; the effect
of permitting delays on that schedule; the company’s and the Honolulu Board of Water Supply’s efforts to mitigate those delays;
the company’s ability to perform its design, build, operate and maintain obligations with respect to the Kalaeloa facility, including
the anticipated 20-year operating term and any exercise of the related extension options; and the company’s ability to design, fabricate
and deliver the Florida purchase orders on the anticipated schedule, including by November 2027. These statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks
and uncertainties that could cause actual results to differ materially from the forward-looking statements. Factors that would cause or
contribute to such differences include, but are not limited to (i) continued acceptance of the company's products and services in the
marketplace; (ii) changes in its relationships with the governments and clients of the jurisdictions in which it operates, including the
Honolulu Board of Water Supply; (iii) the timing and outcome of permitting and other regulatory approvals affecting the Kalaeloa facility;
(iv) the company’s ability to procure equipment and perform its contractual obligations on the anticipated timeline and budget,
including with respect to the Kalaeloa facility and the Florida purchase orders; (v) changes in demand, consumption levels, operating
costs, energy costs, weather, and economic conditions in the jurisdictions in which the company operates; and (vi) various other risks
such as economic, operational, and industry-specific risks, as detailed in the company's periodic report filings with the Securities and
Exchange Commission (“SEC”). For more information about risks and uncertainties associated with the company’s business,
please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk
Factors” sections of the company’s SEC filings, including, but not limited to, its annual report on Form 10-K and quarterly
reports on Form 10-Q, copies of which may be obtained by contacting the company’s Secretary at the company’s executive offices
or at the “Investors – SEC Filings” page of the company’s website at ir.cwco.com/docs. Except as otherwise required
by law, the company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information,
future events or otherwise.
Company Contact:
David W. Sasnett
Executive Vice President and CFO
Tel (954) 509-8200
Email Contact
Investor & Media Contact:
Ron Both or Grant Stude
Encore Investor Relations
Tel (949) 432-7450
Email Contact
2
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