Company: AWK
Filing Date: 2025-12-29
Form Type: S-4/A
Source: 0001193125-25-332292
Chunk: 54

Company: American Water Works Company, Inc.
Filing Date: 2025-12-29
Form: S-4/A
Chunk 54
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 ended December 31, 2024, as filed with the SEC on February 27, 2025, and each party’s other filings with the SEC, and additional risks and uncertainties, including with respect to:

| • |     | the parties’ ability to consummate the merger pursuant to the terms of the merger agreement or at all; |

| • |     | the ability to timely or at all obtain the approval of the American Water shareholders of the share issuance 
 proposal and the Essential shareholders of the merger agreement proposal;                                    |

| • |     | each party’s requirement to obtain required governmental and regulatory approvals required for the merger 
 (and/or that such approvals may result in the imposition of burdensome or commercially                    |

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| undesirable conditions, including required dispositions, that could adversely affect the combined company or the expected benefits of the merger); |

| • |     | an event, change, or other circumstance that could give rise to the termination of the merger agreement; |

| • |     | the failure to satisfy or waive a condition to closing of the merger on a timely basis or at all; |

| • |     | a delay in the timing to consummate the merger; |

| • |     | the failure to integrate the parties’ businesses successfully; |

| • |     | the failure to fully realize cost savings and any other efficiencies from the merger or that such benefits may 
 take longer to realize or be more costly to achieve than expected;                                             |

| • |     | negative or adverse impacts of the announcement of the merger on the market price of American Water’s or 
 Essential’s common stock;                                                                                |

| • |     | the risk of litigation related to the merger; |

| • |     | disruption from the merger making it more difficult to maintain relationships with customers, employees,      
 contractors, suppliers, regulators, vendors, elected officials, governmental agencies, or other stakeholders; |

| • |     | the diversion of each party’s management’s time and attention from ongoing business operations and 
 opportunities of such party on merger-related matters;                                             |

| • |     | the challenging macroeconomic environment, including disruptions in the water and wastewater utility industries; |

| • |     | the ability of each party to manage its respective existing operations and financing arrangements on favorable             
 terms or at all, including with respect to future capital expenditures and investments, operations, and maintenance costs; |

| • |     | changes in environmental laws and regulations regarding each party’s respective operations that may 
 adversely impact such party