Neuronetics Prices $30 Million Public Offering Amid Share Price Decline
Neuronetics (STIM) announced the pricing of a public offering consisting of 18.75 million shares at $1.60 per share. The move is expected to generate approximately $30 million in gross proceeds, excluding expenses. Following the announcement, the company's stock experienced a significant decline of 13% during extended trading on Wednesday. As part of the offering agreement, underwriters have been granted a 30-day period for additional considerations.
Tickers: $STIM
Topics: capital raising dilution stock offering