secwatch.observer — SEC 8-K summary
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Issuer:     Neuronetics, Inc. (STIM)
CIK:        0001227636
Form:       8-K
Filed at:   2024-12-10T23:59:59+00:00
Accession:  0001193125-24-274383
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 3.02, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Neuronetics closes Greenbrook TMS acquisition; adds 2 directors; secures $10M loan amendment.
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- Acquisition closed Dec 9; exchange ratio 0.01021 Neuronetics share per Greenbrook share; Greenbrook to delist from OTCQB.
- Madryn converted ~2.06B Greenbrook Shares from credit agreement and ~253M from interim funding, receiving Neuronetics shares at exchange ratio.
- Board expanded to 7; appointed Sasha Cucuz (Greybrook CEO) and Dr. Avinash Amin (Madryn managing partner).
- Credit agreement with Perceptive amended to allow $10M Tranche 3 loan for combined operations and new revenue covenants; warrant for 600k shares issued.
- Combined company to operate as Neuronetics (STIM); integration targeting cost synergies and profitable growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1227636/000119312524274383/0001193125-24-274383-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1227636/000119312524274383/d897369d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-274383

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