Company: MSEX
Filing Date: 2025-05-12
Form Type: 424B5
Source: 0001104659-25-047381
Chunk: 36

Company: MIDDLESEX WATER CO
Filing Date: 2025-05-12
Form: 424B5
Chunk 36
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writers an option to purchase additional securities at the public offering price, less any underwriting discount, as may be set forth
in the revised prospectus or applicable prospectus supplement. If we grant any such option, the terms of that option will be set forth
in the revised prospectus or applicable prospectus supplement.

To the extent that we make
sales through one or more underwriters or agents in at the market offerings, we will do so pursuant to the terms of a sales agency agreement
or other at the market offering arrangement between us and the underwriters or agents. If we engage in at the market sales pursuant to
any such agreement, we will issue and sell our securities through one or more underwriters or agents, which may act on an agency basis
or on a principal basis. During the term of any such agreement, we may sell securities on a daily basis in exchange transactions or otherwise
as we agree with the underwriters or agents. The agreement will provide that any securities sold will be sold at prices related to the
then prevailing market prices for our securities. Therefore, exact figures regarding proceeds that will be raised or commissions to be
paid cannot be determined as of the date of this prospectus. Pursuant to the terms of the agreement, we may agree to sell, and the relevant
underwriters or agents may agree to solicit offers to purchase, blocks of our Common Stock. The terms of each such agreement will be set
forth in more detail in a prospectus supplement.

Underwriters, agents, brokers
or dealers may be entitled, pursuant to relevant agreements entered into with us, to indemnification by us against certain civil liabilities,
including liabilities under the Securities Act that may arise from any untrue statement or alleged untrue statement of a material fact,
or any omission or alleged omission to state a material fact in this prospectus, any supplement or amendment hereto, or in the registration
statement of which this prospectus forms a part, or to contribution with respect to payments which the underwriters, agents, brokers or
dealers may be required to make.

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<div align='center'>LEGAL MATTERS</div>

The validity of the securities
being offered by this prospectus will be passed upon by Jay L. Kooper, Vice President, General Counsel and Secretary, Middlesex Water
Company. Additional legal matters may be passed upon for us or any underwriters, dealers or agents, by counsel that we will name in the
applicable prospectus supplement.

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