secwatch.observer — SEC 8-K summary
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Issuer:     Neuronetics, Inc. (STIM)
CIK:        0001227636
Form:       8-K
Filed at:   2024-08-13T23:59:59+00:00
Accession:  0001193125-24-199454
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Neuronetics to acquire Greenbrook TMS in all-stock deal; combined company to be 57% owned by Neuronetics shareholders
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- Neuronetics issues ~25.3M shares to Greenbrook holders; existing Neuronetics shareholders own 57% of combined entity.
- Greenbrook shareholders get 43% of combined co.; Madryn (key Greenbrook holder) gets 2 board seats on 7-member board.
- Transaction expected to close by Dec 10, 2024, subject to shareholder & court approvals, Nasdaq review, and debt conversion conditions.
- Termination fee of $1.9M payable by either party under certain circumstances.
- Neuronetics will rely on Section 3(a)(10) exemption for share issuance; registration rights granted to Madryn.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1227636/000119312524199454/0001193125-24-199454-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1227636/000119312524199454/d883705d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-199454

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