TORONTO, May 20, 2026 (GLOBE NEWSWIRE) -- Neo Performance Materials Inc. ("Neo" or the "Company") has announced today that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on a bought deal basis 3,480,000 common shares (the "Common Shares"), at a price of C$28.75 per Common Share for gross proceeds of approximately C$100 million (the "Offering"). The Company has granted the underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 15% of the Offering to cover over-allotments, if any, and for market stabilization purposes. The Offering is expected to close on or about May 28, 2026 and is subject to Neo receiving all necessary regulatory approvals, including the approval of the Toronto Stock Exchange.
The net proceeds of the Offering will be used for equipment and automation at the Company's European facilities, expansion of the bonded magnetics business and general corporate purposes.
The Common Shares will be offered by way of a prospectus supplement to the Company's short form base shelf prospectus dated May 20, 2026 in all of the provinces of Canada other than Quebec, and may also be offered by way of private placement in the United States.
The securities offered have not been, and will ...
