NFI Group Inc T.NFI

Alternate Symbol(s): NFYEF | T.NFI.DB

Industrials

NFI Group Inc. is a Canada-based independent bus and coach manufacturer. The Company specializes in zero-emission electric mass mobility solutions. Its segments include Manufacturing Operations and Aftermarket Operations. Manufacturing Operations segment includes design, manufacture, service and support of new transit buses, motor coaches, medium-duty, cutaway buses, and installation of infrastructure for electric vehicles and fiberglass reinforced polymer components. It offers aftermarket parts for transit buses, coaches and medium duty/cutaway buses, both for the Company's and third-party products. It offers a range of sustainable drive systems, including zero-emission electric (trolley, battery, and fuel cell), natural gas, electric hybrid, and clean diesel. The Company's brands include New Flyer (heavy-duty transit buses), MCI (motor coaches), Alexander Dennis Limited (single- and double-deck buses), Plaxton (motor coaches), and ARBOC (low-floor cutaway and medium-duty buses).

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NFI Group Inc > Offering is expected to close on or about December 2, 2021..

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Post by sunshine7on Nov 22, 2021 11:59am

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Post# 34153246

Offering is expected to close on or about December 2, 2021..

I like what they are doing for the balance sheet and the share offering is minimally dilutive. Pipeline continues to fill up. However, the share price has dropped substantially below the offering (not unusual) of $24.55.

Any comments on why this happens. Do players manage the price until closure and for what benefit? What do we expect after closure? Ant expert opinions welcome. Pumpers not so much.

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