04:49 PM EDT, 07/19/2024 (MT Newswires) -- NCS Multistage ( NCSM ) filed a registration statement late Friday for potential public sale of up to $200 million of common stock, and possible sale by some of its shareholders to sell 1.7 million of its shares.

Roughly 1.5 million shares to be sold in secondary offering are currently held by Advent International, according to the regulatory filing.

Net proceeds from any sale of shares by NCS Multistage ( NCSM ) will be used for general corporate purposes, including working capital, paying down debt, capital projects or potential acquisitions, the company said.

The company will not receive any proceeds from the secondary stock sale.