secwatch.observer — SEC 8-K summary
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Issuer:     Greenbrook TMS Inc. (—)
CIK:        0001735948
Form:       8-K
Filed at:   2024-12-10T23:59:59+00:00
Accession:  0001140361-24-048931
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 8.01, 2.01, 2.03, 3.03, 5.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud

Neuronetics completes acquisition of Greenbrook TMS; Greenbrook becomes wholly owned subsidiary
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- Greenbrook borrowed $1.5M unsecured from Madryn at 0% interest, maturing by Dec 31, 2024.
- Neuronetics acquired all Greenbrook shares; each share exchanged for 0.01021 Neuronetics common share.
- Madryn converted ~$128M Term Loans into 2,309,453,605 Greenbrook shares, holding 95.8% pre-closing.
- Board members Burke, Campbell, Cucuz, Elstad, Leonard, Mann, Tworecke departed; new directors appointed.
- Greenbrook shares removed from OTCQB; combined company trades as STIM on NASDAQ.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1735948/000114036124048931/0001140361-24-048931-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1735948/000114036124048931/ef20039750_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-048931

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer