Neo Performance Materials

Canaccord Genuity Acts as Joint Bookrunner to Neo Performance Materials Inc. on its C$101 Million Bought Deal Treasury and Secondary Offering

Canaccord Genuity is pleased to announce that on November 16, 2021, Neo Performance Materials Inc. (“Neo“, the “Company“) completed its previously announced treasury and secondary offering (the “Offering“) of common shares of the Company (the “Common Shares“). The Company issued and sold from treasury an aggregate of 2,598,000 Common Shares at a price of $19.25 per share for total gross proceeds to the Company of approximately $50.01 million. A fund managed by Oaktree Capital Management, L.P. (“Oaktree” or the “Selling Shareholder“) sold an aggregate of 2,631,000 Common Shares under the Offering at a price of $19.25 per share for total gross proceeds to the Selling Shareholder of approximately $50.65 million, including the exercise of the over-allotment option.

Neo manufactures the building blocks of many modern technologies that enhance efficiency and sustainability.  It’s advanced industrial materials (ex: magnetic powders and magnets, specialty chemicals, metals and alloys) are critical to the performance of many everyday products and emerging technologies. Its business is organized into three segments: Chemicals & Oxides, Magnequench and Rare Metals. Neo is headquartered in Toronto, Canada.

The Canaccord Genuity team included Michael Kogan, Todd Radons, Balraj Parhar and Mit Patel from Investment Banking, with strong support from Len Sauer and Lily Yu from Equity Capital Markets, and Jason Melbourne, Robert Carmosino and Graeme Parker from Equity Sales.