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Neo Performance Materials Announces Completion of C$115 Million Bought Deal Treasury Offering of Common Shares
Neo Performance Materials Announces Completion of C$115 Million Bought Deal Treasury Offering of Common
About this update from Neo Performance Materials, Inc.
[{"type":"text","content":"/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/TORONTO, May 28, 2026 /CNW/ - Neo Performance Materials Inc. (\"Neo\" or the \"Company\") (TSX: NEO) (OTCQX: NOPMF) is pleased to announce that it has completed the previously announced treasury offering (the \"Offering\") of common shares of the Company (the \"Common Shares\") (see press release dated May 20, 2026). The Company issued and sold from treasury an aggregate of 4,002,000 Common Shares (the \"Offered Shares\") at a price of $28.75 per Offered Share for total gross proceeds to the Company of C$115,057,500.The Offering was made, on a bought deal basis, pursuant to an underwriting agreement dated May 22, 2026 among the Company and BMO Capital Markets, as lead underwriter and sole bookrunner, and ATB Capital Markets Corp., Paradigm Capital Inc. and Stifel Nicolaus Canada Inc. (collectively, the \"Underwriters\"). The Offering includes Offered Shares issued and gross proceeds raised from the exercise in full by the Underwriters of their over-allotment option granted by the Company pursuant to the underwriting agreement dated May 22, 2026 between the Underwriters and the Company.Each of the directors and executive officers of the Company have agreed with the Underwriters that the Common Shares held by each of them will be subject to a 90-day lock-up period, subject to customary exceptions.In connection with the Offering, the Underwriters received a cash commission equal to 5% of the gross proceeds of the Offering.The Offered Shares were offered by way of a prospectus supplement dated May 22, 2026 to the Company's short form base shelf prospectus dated May 20, 2026, in all of the provinces of Canada other than Quebec. Private placement offerings in the United States were made to \"qualified institutional buyers\" pursuant to Rule 144A of the United States Securities Act of 1933, as amended.About Neo Performance MaterialsNeo manufactures the building blocks of many modern technologies that enhance efficiency and sustainability. Neo's advanced industrial materials – magnetic powders, rare earth magnets, magnetic assemblies, specialty chemicals, metals, and alloys – are critical to the performance of many everyday products and emerging technologies. Neo's products fast-forward technologies for the net-zero transition. The busines...