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ATS Announces Closing of US$282.9 Million Initial Public Offering in the United States
ATS Announces Closing of US$282.9 Million Initial Public Offering in the United States ...
About this update from Ats Corporation
[{"type":"text","content":"\n \n \n \n ATS Announces Closing of US$282.9 Million Initial Public Offering in the United States\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Includes full exercise of over-allotment option\n \n \n \n \n \n CAMBRIDGE, ON\n \n \n ,\n \n \n May 30, 2023\n \n \n /CNW/ - ATS Corporation (TSX: ATS) (NYSE: ATS) (\"ATS\" or the \"Company\"), an industry-leading automation solutions provider, today announced the closing of its previously-announced public offering of the Company's Common Shares (\"Common Shares\") in\n \n the United States\n \n and\n \n Canada\n \n , representing ATS' initial public offering in\n \n the United States\n \n and listing of the Common Shares on the New York Stock Exchange. A total of 6,900,000 Common Shares were sold by the Company, including 900,000 Common Shares following the exercise in full by the underwriters of their over-allotment option, at a price of\n \n US$41\n \n per share, for gross proceeds to the Company of\n \n US$282.9 million\n \n .\n \n \n \n \n \n \n \n \n \n The offering was conducted through a syndicate of underwriters led by Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC, as joint active bookrunners. TD Securities Inc. and Scotia Capital (\n \n USA\n \n ) Inc. also acted as bookrunners in connection with the offering. National Bank of Canada Financial, Inc., Cormark Securities Inc., Stifel Nicolaus Canada Inc., Commerz Markets LLC, Raymond James Ltd., RBC Capital Markets, LLC and UniCredit Capital Markets LLC  acted as co-managers.\n \n \n ATS expects that the net proceeds of the offering will be used for strategic opportunities, including acquisitions, as well as working capital requirements and general corporate purposes. Consistent with ATS' value creation strategy, ATS may execute on strategic opportunities, including disciplined acquisitions, if and when such opportunities arise, that drive the creation of long-term sustainable shareholder value. Pending those strategic opportunities, ATS expects to use the net proceeds...