Neuronetics Inc. (STIM) Prices 4.84M Share Common Offering at $15.50/Sh

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Go back to Neuronetics Inc. (STIM) Prices 4.84M Share Common Offering at $15.50/Sh

Neuronetics Announces Pricing of $75 Million Public Offering of Common Stock

January 28, 2021 10:30 PM EST

MALVERN, Pa., Jan. 28, 2021 (GLOBE NEWSWIRE) -- Neuronetics, Inc. (NASDAQ: STIM) (the Company), a commercial stage medical technology company focused on designing, developing and marketing products that improve the quality of life for patients who suffer from psychiatric disorders, today announced that it has priced the previously announced underwritten public offering of 4,840,000 shares of its common stock, at a public offering price of $15.50 per share. The Company has granted the underwriters a 30-day option to purchase up to an additional 726,000 shares of its common stock. The gross proceeds to the Company from this offering are... More