Neuronetics Announces Public Stock Offering and Amended Credit Agreement
Neuronetics (STIM) has announced an underwritten public offering of common stock, where the company will be the sole seller of all shares. This move is intended to raise capital through the issuance of new equity. In conjunction with the offering, Neuronetics has amended its existing credit agreement with Perceptive Credit Holdings. As part of this amendment, the company is required to make a minimum debt prepayment of $15 million by November.