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NFI Group Inc T.NFI

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

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).


TSX:NFI - Post by User

Post by classicacton Dec 02, 2021 10:44am
141 Views
Post# 34189845

Over-allotment options to purchase up?

Over-allotment options to purchase up?*Not really happy about no line ups at the over allotment offer at least to this point.  Explains the recent drop

"In connection with the Offering, the Company has also granted the underwriters over-allotment options to purchase up to an additional 916,500 Shares at a price of C$24.55 per Share and an additional C$45 million aggregate principal amount of Debentures, in each case to cover overallotments and for market stabilization purposes. Both over-allotment options are exercisable in whole or in part at any time up to the 30th day following the closing of the Offering."
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