other material
confidence high
sentiment neutral
materiality 0.75
Neuronetics prices $18M public offering of 8M shares at $2.25/share
Neuronetics, Inc.
- Gross proceeds ~$18M from 8M shares (plus underwriter option 1.2M shares exercised).
- Net proceeds expected ~$16.4M (or ~$18.9M including option).
- Canaccord Genuity LLC sole bookrunner; offering closes Feb 10, 2025.
- Proceeds to be used for general corporate purposes including sales, R&D, and acquisitions.