ATS Initiates Secondary Offering of 3.5 Million Common Shares-March 2024-www.financetom.com

ATS Initiates Secondary Offering of 3.5 Million Common Shares

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ATS Initiates Secondary Offering of 3.5 Million Common Shares

Mar 27, 2024 2:14 PM

04:50 PM EDT, 03/27/2024 (MT Newswires) -- ATS (ATS) said Wednesday it started an underwritten secondary offering of 3.5 million common shares.

A fund managed by Mason Capital Management agreed to sell the shares at C$46.55 ($34.30) per share for gross proceeds of C$163 million, according to the company.

The selling shareholder also granted the underwriter a 30-day overallotment option to buy up to an additional 147,000 shares, ATS added.

The company said it expects to close the offering on or about April 3 and will not receive any proceeds from the offering.

Price: 34.9, Change: -0.87, Percent Change: -2.43

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