IPO - NOVAGOLD RESOURCES INC

Form Type: 8-K

Filing Date: 2025-05-09

Corporate Action: Ipo

Type: New

Accession Number: 000117184325002996

Filing Summary: On May 7, 2025, NOVAGOLD RESOURCES INC. entered into an Underwriting Agreement for a public offering of 47,850,000 common shares, with an additional option for underwriters to purchase up to 7,177,500 shares. The expected net proceeds are approximately $169.7 million, or $195.2 million if the option is fully exercised. The proceeds will be used to fulfill obligations related to an Acquisition Agreement and for general corporate purposes. The offering is scheduled to close on May 9, 2025. In tandem with this offering, the company is also conducting a private placement of 17,173,853 common shares, providing gross proceeds of about $64.4 million from major investors, with the same intended use for proceeds. These transactions are not contingent upon each other. A press release announcing the offering was issued on May 7, 2025.

Form Type: 8-K

Filing Date: 2025-05-06

Corporate Action: Ipo

Type: New

Accession Number: 000117184325002830

Filing Summary: On May 6, 2025, NOVAGOLD RESOURCES INC. announced a proposed public offering of common shares through a press release. The company has indicated that the information contained within this release is being furnished and is not to be deemed filed for the purposes of Section 18 of the Securities Exchange Act of 1934. The document also clarifies that the release will not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, unless specifically noted. The Company is located in British Columbia, with its principal executive offices in Salt Lake City, Utah. The announcement pertains to a public offering intended to raise capital, indicative of a potential initial public offering scenario.