- Neo Performance Materials (NEO) has completed a treasury offering of common shares for gross proceeds of approximately $67.6 million
- The company issued a total of 4,506,734 common shares for $15.00 per share
- Neo Performance Materials manufactures rare earth and rare metal-based functional materials critical to the performance of many everyday products and emerging technologies
- Neo Performance Materials Inc. (NEO) opened trading at C$12.38
Neo Performance Materials (NEO) has completed a treasury offering of common shares for gross proceeds of approximately $67.6 million.
The company issued a total of 4,506,734 common shares for $15.00 per share.
The offering was led by Paradigm Capital Inc. and Canaccord Genuity Corp., Cormark Securities Inc., Raymond James Ltd. and Stifel Nicolaus Canada Inc.
In connection with the offering, the underwriters received a 5 per cent cash commission.
Neo Performance Materials processes and manufactures rare earth and rare metal-based functional materials. Neo’s advanced industrial materials – magnetic powders and magnets, specialty chemicals, metals, and alloys – are critical to the performance of many everyday products and emerging technologies.
Neo Performance Materials Inc. (NEO) opened trading at C$12.38.