Greenbrook TMS raises ~$565K via registered direct offering at $0.20/share amid Nasdaq delisting

Greenbrook TMS Inc.

Offering reduced from 6M to 2.83M common shares after delisting notice; gross proceeds ~$565,649.
Net proceeds ~$340,650, to be used for general working capital.
Company confirms forthcoming delisting from Nasdaq; includes updated tax disclosure in prospectus supplement.
Directors and executive officers entered into 90-day lock-up agreements commencing Feb 23, 2024.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Greenbrook TMS Inc. amended Amended and Restated Securities Purchase Agreement with certain purchasers valued at approximately US$565,649 (effective 2024-02-23).

Action: amendment
Agreement: equity purchase
Counterparty: certain purchasers
Value: approximately US$565,649
Effective: 2024-02-23

Exact text from the filing

On February 23, 2024, the Company amended and restated the Securities Purchase Agreement (the “ Amended and Restated Securities Purchase Agreement ”) with the same purchasers, to reduce the offering size after receiving notice of its delisting from the Nasdaq Capital Market (“ Nasdaq ”).

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Greenbrook TMS Inc. entered into Securities Purchase Agreement with certain purchasers valued at approximately US$1.2 million (effective 2024-02-21).

Action: entry
Agreement: equity purchase
Counterparty: certain purchasers
Value: approximately US$1.2 million
Effective: 2024-02-21

Exact text from the filing

On February 21, 2024, Greenbrook TMS Inc. (the “ Company ”) entered into a securities purchase agreement (the “ Securities Purchase Agreement ”) with certain purchasers for the purchase and sale of 6,000,000 shares of the Company’s common shares (“ Common Shares ”) pursuant to a registered direct offering.

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757 material agreements filed in the last 30 days. Browse all material agreements →

Source: SEC EDGAR

accession 0001104659-24-027430

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