BRIEF-Neuronetics And Greenbrook TMS Announce Definitive Agreement To Merge-February 2024-www.financetom.com

BRIEF-Neuronetics And Greenbrook TMS Announce Definitive Agreement To Merge

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BRIEF-Neuronetics And Greenbrook TMS Announce Definitive Agreement To Merge

Aug 12, 2024 5:17 AM

Aug 12 (Reuters) - Greenbrook Tms Inc ( GBNHF ):

* NEURONETICS AND GREENBROOK TMS ANNOUNCE DEFINITIVE

AGREEMENT TO

MERGE

* NEURONETICS INC ( STIM ): EACH GREENBROOK SHARE IS EXPECTED TO BE

EXCHANGED FOR 0.01149 SHARES OF NEURONETICS COMMON STOCK

* NEURONETICS INC ( STIM ): NEURONETICS SHAREHOLDERS WILL OWN ABOUT

57% OF

COMBINED COMPANY

* NEURONETICS INC ( STIM ): AGGREGATE OF 25.3 MILLION NEURONETICS

WILL BE ISSUED TO GREENBROOK SHAREHOLDERS

* NEURONETICS INC ( STIM ): GREENBROOK SHAREHOLDERS WILL OWN ABOUT

43% OF

COMBINED COMPANY

* NEURONETICS INC ( STIM ): NEURONETICS' ( STIM ) EXECUTIVE MANAGEMENT TEAM

WILL

CONTINUE WITH COMBINED COMPANY

* NEURONETICS INC ( STIM ): COMBINED COMPANY EXPECTS MID-TEENS Y-O-Y

REVENUE GROWTH IN FISCAL YEARS 2025 & 2026

* NEURONETICS INC ( STIM ): COMBINED COMPANY WILL CONTINUE TO OPERATE

NEURONETICS AND TRADE UNDER TICKER 'STIM' ON NASDAQ

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Further company coverage:

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