Neo Performance Materials announces that the underwriters of its recent successful IPO have exercised the over-allotment option in part for the purchase of an additional 1,100,000 Common Shares at a price of $18.00 per Common Share.
Neo Materials will appeal a German lower court’s decision regarding Neo’s innovative rare-earth-based vehicle emissions catalyst products, which helps vehicle manufacturers meet increasingly stringent air pollution standards in markets around the world.
Neo Performance Materials successfully closes its previously announced IPO initial by way of secondary offering of common shares by the Company’s majority shareholder, OCM Neo Holdings (Cayman), L.P., which sold 11,115,000 Common Shares at a price of $18.00 per share for total gross proceeds to the Selling Shareholder of $200,070,000.
Neo Performance Materials has obtained a receipt for its final prospectus filed in respect of its previously announced proposed initial public offering of common shares, and has entered into an underwriting agreement with respect to the Offering.
Neo Performance Materials files preliminary prospectus in respect of its initial public offering of common shares.
Neo Chemicals & Oxides in Europe and China report on recent patent litigation rulings.
Neo Chemicals & Oxides Europe reported today its successful outcome in the German Federal Patent Court in Munich on September 26, 2016 to invalidate several of Solvay’s patent claims on product composition in patent number EP0605274.
Molycorp, Inc., together with certain of its affiliates, reported today that its confirmed Fourth Joint Amended Plan of Reorganization became effective as of August 31, 2016. Molycorp, Inc. has emerged from Chapter 11 protection, and the the newly reorganized business is now known as Neo Performance Materials.