Novanta raises $300M in private placement, selling 2.1M shares at $140 to institutions

Filed June 9, 2026 · Period ending June 8, 2026 · ~1 min read

Key Changes

• high

  Company selling 2,142,857 common shares at $140/share to institutional investors for $300M gross proceeds, expected to close June 11, 2026. This represents significant capital infusion for the company.

  Item 1.01 verify on EDGAR →
• high

  Private placement will dilute existing shareholders by approximately 6%, increasing shares outstanding from 35.6M to 42.5M (including minimum Tangible Equity Unit settlements).

  Item 1.01 verify on EDGAR →
• medium

  New investors granted registration rights requiring Novanta to file registration statement within 30 days of closing and make effective within 45 days, enabling public resale of shares.

  Item 1.01 verify on EDGAR →