Neuronetics Inc. (STIM) Prices 8M Share Offering at $2.25/sh

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Go back to Neuronetics Inc. (STIM) Prices 8M Share Offering at $2.25/sh

Neuronetics Announces Pricing of $18 Million Underwritten Public Offering of Common Stock

February 7, 2025 7:54 AM EST

MALVERN, Pa., Feb. 07, 2025 (GLOBE NEWSWIRE) -- Neuronetics, Inc. (NASDAQ: STIM) (the Company) today announced that it has priced its previously announced underwritten public offering of its common stock, comprised of 8,000,000 shares of common stock at a public offering price of $2.25 per share, resulting in gross proceeds of approximately $18 million, before deducting underwriting discounts and commissions and other offering expenses payable by the Company.

The Company has also granted to the underwriter a 30-day option to purchase up to an additional 1,200,000 shares of common stock at the public offering price per share, less underwriter... More