Company: AWK
Filing Date: 2025-12-17
Form Type: S-4
Source: 0001193125-25-321389
Chunk: 57

Company: American Water Works Company, Inc.
Filing Date: 2025-12-17
Form: S-4
Chunk 57
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In addition to the other information included and incorporated by reference into this joint proxy statement/prospectus, including, among others, the matters
addressed in “Cautionary Note Regarding Forward-Looking Statements” beginning on page 33, you should carefully consider the following risk factors before deciding whether to vote for the share issuance proposal, in the case
of American Water shareholders, or for the merger agreement proposal and the merger-related compensation proposal, in the case of Essential shareholders. In addition, you should read and consider the risks associated with each of the businesses of
American Water and Essential because these risks will relate to the combined company following the completion of the merger. Descriptions of some of these risks can be found in the respective Annual Reports on Form
10-K of American Water and Essential for the fiscal year ended December 31, 2024, as such risks may be updated or supplemented in each company’s subsequently filed Quarterly Reports on Form 10-Q or Current Reports on Form 8-K, which are incorporated by reference into this joint proxy statement/prospectus. You should also
consider the other information in this joint proxy statement/prospectus and the other documents incorporated by reference into this joint proxy statement/prospectus. See “Where You Can Find More Information” beginning on page 182.

If any of the risks described below or incorporated by reference herein actually occur, the business, financial condition, and results of operations of
American Water, Essential, and/or the combined company, as applicable, could be materially and adversely affected and the trading price of the applicable common stock could decline. Some of these risks and uncertainties may have occurred in the
past, and the disclosures below and incorporated herein by reference are not representations or warranties as to whether or not any risks or uncertainties have occurred in the past, but are discussed because future occurrences of such risks and
uncertainties could have a material adverse effect on American Water’s, Essential’s, and/or the combined company’s business, financial condition and results of operations, as applicable.

Risks Related to the Merger

The merger is subject to various closing conditions, including the receipt of consents and approvals from various governmental and regulatory entities, and a failure to obtain all such consents or approvals or to satisfy such other closing conditions could prevent or delay the completion of the merger or impose conditions that could have a material adverse effect on either or both parties or the combined company.

American Water and Essential anticipate that, subject to the receipt of all required regulatory and other consents and approvals