ATS Announces Closing of US$282.9 Million Initial Public Offering in the United States

Includes full exercise of over-allotment option

CAMBRIDGE, ON, May 30, 2023 /PRNewswire/ - ATS Corporation (TSX: ATS) (NYSE: ATS) ("ATS" or the "Company"), an industry-leading automation solutions provider, today announced the closing of its previously-announced public offering of the Company's Common Shares ("Common Shares") in the United States and Canada, representing ATS' initial public offering in the United States and listing of the Common Shares on the New York Stock Exchange. A total of 6,900,000 Common Shares were sold by the Company, including 900,000 Common Shares following the exercise in full by the underwriters of their over-allotment option, at a price of US$41 per share, for gross proceeds to the Company of US$282.9 million.