6-K

ATS CORPORATION

(Registrant)

Date: May 30, 2023

/s/ Stewart McCuaig

Name: Stewart McCuaig

Title: Vice President, General Counsel

0001193125-23-156684.txt : 20230530 0001193125-23-156684.hdr.sgml : 20230530 20230530165759 ACCESSION NUMBER: 0001193125-23-156684 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230530 FILED AS OF DATE: 20230530 DATE AS OF CHANGE: 20230530 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ATS Corp /ATS CENTRAL INDEX KEY: 0001394832 STANDARD INDUSTRIAL CLASSIFICATION: GENERAL INDUSTRIAL MACHINERY & EQUIPMENT, NEC [3569] IRS NUMBER: 980149239 STATE OF INCORPORATION: A6 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-41713 FILM NUMBER: 23977410 BUSINESS ADDRESS: STREET 1: 730 FOUNTAIN STREET NORTH STREET 2: BUILDING #3 CITY: CAMBRIDGE STATE: A6 ZIP: N3H 4R7 BUSINESS PHONE: 519 653 6500 MAIL ADDRESS: STREET 1: 730 FOUNTAIN STREET NORTH STREET 2: BUILDING #3 CITY: CAMBRIDGE STATE: A6 ZIP: N3H 4R7 FORMER COMPANY: FORMER CONFORMED NAME: ATS Automation Tooling Systems Inc. DATE OF NAME CHANGE: 20070328 6-K 1 d510697d6k.htm 6-K 6-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of May 2023

Commission File Number: 001-41713

ATS CORPORATION

(Translation of registrant’s name into English)

730 Fountain Street North Building 3

Cambridge, Ontario N3H 4R7

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☐ Form 40-F ☒

INCORPORATION BY REFERENCE

Exhibit 99.1 of this Form 6-K is incorporated by reference as an additional exhibit to the registrant’s Registration Statement on Form F-10 (File No. 333-272138).

EXHIBIT INDEX


99.1		Material Change Report, dated May 30, 2023.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

EX-99.1 2 d510697dex991.htm EX-99.1 EX-99.1

EXHIBIT 99.1

FORM 51-102F3

MATERIAL CHANGE REPORT

Item 1

Name and Address of Company

ATS Corporation (the “Company” or “ATS”)

730 Fountain Street North

Cambridge, Ontario

N3H 4R7

Item 2

Date of Material Change

May 30, 2023

Item 3

News Release

A news release relating to the material change described below was disseminated on May 30, 2023, through Canada NewsWire. The news release was subsequently filed on the System for Electronic Document Analysis and Retrieval at www.sedar.com.

Item 4

Summary of Material Change

On May 30, 2023, the Company announced the closing of its previously announced public offering of common shares (the “Common Shares”) in the United States and Canada, representing the Company’s initial public offering in the United States. In connection with the initial public offering, ATS filed an application to list the Common Shares on the New York Stock Exchange under the symbol “ATS”. Trading of the Common Shares commenced on the New York Stock Exchange on May 25, 2023. A total of 6,900,000 Common Shares were sold by the Company in connection with the offering, including 900,000 Common Shares pursuant to the exercise in full by the underwriters of their over-allotment option, at a price of US$41.00 per share, for gross proceeds to the Company of US$282,900,000.

Item 5

Full Description of Material Change

5.1

Full Description of Material Change

On May 30, 2023, the Company announced the closing of its previously announced public offering of the Common Shares in the United States and Canada, representing the Company’s initial public offering in the United States. In connection with the initial public offering, ATS filed an application to list the Common Shares on the New York Stock Exchange under the symbol “ATS”. Trading of the Common Shares commenced on the New York Stock Exchange on May 25, 2023. A total of 6,900,000 Common Shares were sold by the Company, including 900,000 Common Shares pursuant to the exercise in full by the underwriters of their over-allotment option, at a price of US$41.00 per share, for gross proceeds to the Company of US$282,900,000.

The offering was conducted through a syndicate of underwriters led by Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC, as joint active bookrunners. TD Securities Inc. and Scotia Capital (USA) Inc. also acted as bookrunners in connection with the offering. National Bank of Canada Financial, Inc., Cormark Securities Inc., Stifel Nicolaus Canada Inc., Commerz Markets LLC, Raymond James Ltd., RBC Capital Markets, LLC and UniCredit Capital Markets LLC acted as co-managers.

The Company expects that the net proceeds of the offering will be used for strategic opportunities, including acquisitions, as well as working capital requirements and general corporate purposes. Consistent with the Company’s value creation strategy, ATS may execute on strategic opportunities, including disciplined acquisitions, if and when such opportunities arise, that drive the creation of long-term sustainable shareholder value. Pending those strategic opportunities, ATS expects to use the net proceeds to pay down amounts drawn on its C$750.0 million revolving senior secured line of credit.

ATS is publicly traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol “ATS”.

For further information, please refer to the news release available at www.sedar.com.

5.2

Disclosure for Restructuring Transactions

Not applicable.

Item 6

Reliance on subsection 7.1(2) of National Instrument 51-102

Not applicable.

Item 7

Omitted Information

Not applicable.

Item 8

Executive Officer

The following executive officer is knowledgeable about the material change and may be contacted about this report:

Ryan McLeod

Chief Financial Officer

(519) 653-6500

Item 9

Date of Report

May 30, 2023