Picard Medical prices $17M IPO at $4/share; commences trading on NYSE American under PMI

Picard Medical, Inc.

4,250,000 shares sold at $4.00 for $17M gross proceeds; over-allotment option for 637,500 additional shares.
Proceeds to support China JV, R&D on fully implantable Emperor heart, and debt repayment.
Shares commenced trading on NYSE American on Aug 29, 2025 under ticker 'PMI'.
Underwriting Agreement with WestPark Capital as lead manager; firm commitment basis.

item 1.01 item 5.02 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Picard Medical, Inc.: Amended and Restated Bylaws were adopted and became effective (effective 2025-08-28).

Change: bylaw amendment
Effective: 2025-08-28

Exact text from the filing

On August 28, 2025, the Company’s Amended and Restated Bylaws (the “ A&R Bylaws ”), in substantially the form previously filed as Exhibit 3.6 to the Registration Statement, were adopted by the Company and became effective.

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Picard Medical, Inc.: Second Amended and Restated Certificate of Incorporation became effective (effective 2025-08-28).

Change: charter amendment
Effective: 2025-08-28

Exact text from the filing

On August 28, 2025, the Company’s Second Amended and Restated Certificate of Incorporation (the “ Second A&R Charter ”), in substantially the form previously filed as Exhibit 3.5 to the Registration Statement was filed with the Secretary of State of the State of Delaware and became effective.

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Picard Medical, Inc. filing history →

Source: SEC EDGAR

accession 0001829126-25-007057

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