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NOPMF - Neo Performance Materials announces secondary offering of $47M by Oaktree
Neo Performance Materials Inc
Neo Performance Materials (NOPMF) has announced that Oaktree Capital Management will offer 3.9M company's common shares at $12.10/share for gross proceeds to Oaktree of $47.6M.Oaktree Capital currently holds 26.2M shares, representing ~70% of the issued and outstanding common shares. Following the closing of the Offering, it will hold 22.3M, ~59% of the issued and outstanding common shares.The offering is expected to close by December 22.