Neuronetics Prices $30 Million Public Offering at $1.60 a Share

PUBT · 2d ago
Neuronetics Prices $30 Million Public Offering at $1.60 a Share
  • Neuronetics priced an underwritten public offering of 18,750,000 common shares at $1.60 each, targeting approximately $30 million in gross proceeds.
  • Underwriters received a 30-day option to purchase up to 2,812,500 additional common shares.
  • The offering is expected to close on or about November 12, 2026, subject to customary closing conditions.
  • Net proceeds will partly repay the Perceptive term loan, with remaining funds supporting general corporate purposes.
  • Revenue covenant relief requires at least $15 million in prepayment, with interest, fees and other conditions satisfied or waived by November 30, 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Neuronetics Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202611102239PRIMZONEFULLFEED9875217) on November 11, 2026, and is solely responsible for the information contained therein.