secwatch.observer — SEC 8-K summary
======================================

Issuer:     Neuronetics, Inc. (STIM)
CIK:        0001227636
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0001193125-24-188309
Event type: debt
Sentiment:  positive
Materiality: 0.90
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Neuronetics enters up to $90M credit facility with Perceptive, replaces SLR debt
--------------------------------------------------------------------------------

- Borrowed $50M initial tranche, used $64.6M to repay SLR Investment Corp. loan in full including fees and interest.
- Facility includes two additional tranches: $15M available by Dec 31, 2025 upon revenue milestone, and $25M by June 30, 2026 with lender consent.
- Issued warrants to Perceptive for up to 1,462,500 shares; initial warrant exercisable into 1,125,000 shares at VWAP-based price.
- Interest rate is 7.00% plus the greater of 4.50% or 1-month SOFR; maturity July 25, 2029.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1227636/000119312524188309/0001193125-24-188309-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1227636/000119312524188309/d848541d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-188309

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