Company: AWK
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001193125-25-332292
Chunk: 182

Company: American Water Works Company, Inc.
Filing Date: 2025-12-29
Form: S-4/A
Chunk 182
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 should not rely on the covenants and agreements in the merger agreement as actual limitations on the respective businesses of American Water, Merger Sub, and Essential because the parties to the merger agreement may take certain
actions that are either expressly permitted in the confidential disclosure schedules to the merger agreement or as otherwise consented to by the appropriate party, which consent may be given without prior and/or any notice to the public. Investors
and security holders should not rely on the representations, warranties, covenants, and agreements or any descriptions thereof as characterizations of the actual state of facts or condition of American Water, Merger Sub, and Essential or any of
their respective affiliates or businesses. The merger agreement is described below, and included as Annex A, only to provide you with information regarding its terms and conditions and not to provide any other factual information regarding
American Water, Merger Sub, and Essential or their respective businesses. Accordingly, the representations, warranties, covenants, and other agreements in the merger agreement should not be read alone, and you should read the information provided
elsewhere in this joint proxy statement/prospectus and in the filings that each of American Water and Essential has made or will make with the SEC. See “Where You Can Find More Information” beginning on page 183.

Structure of the Merger

Pursuant to the terms and subject to the conditions of the merger agreement, at the effective time, Merger Sub will merge with and into Essential, and
Essential will continue as the surviving entity and become a direct, wholly owned subsidiary of American Water. Essential, as the surviving entity of the merger, is sometimes referred to as the surviving corporation.

Closing

Unless another date,
time, or place is agreed to in writing by American Water and Essential, the closing will occur on the third business day after the satisfaction or waiver (to the extent permitted under applicable law) of

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the closing conditions described below under “—Conditions to the Completion of the Merger” (except for those conditions that by their terms are to be satisfied at the
closing but subject to the satisfaction or waiver of such conditions).

Effective Time of the Merger

The merger will become effective at the time and on the date that the statement of merger is duly filed with and accepted by the Department of State of the
Commonwealth of Pennsylvania or at such later time as is agreed to by the parties and specified in the statement of merger. The filing of the statement of merger is expected to occur on the same date as