Novanta $300M private placement

Novanta Inc. announced a private placement of 2,142,857 common shares to institutional and other accredited investors at a purchase price of $140.00 per share, aiming to raise approximately $300 million in gross proceeds. The transaction is not a public offering and the shares have not been registered under the Securities Act of 1933. Concurrently, Novanta and the investors entered into a registration rights agreement for the resale of these shares. The private placement is expected to close around June 11, 2026, subject to customary closing conditions. This event is significant for Novanta as it secures substantial capital for its operations.