Neuronetics Inks a New Merger Agreement With Greenbrook

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Neuronetics Inks a New Merger Agreement With Greenbrook - Benzinga

Quick Summary:

As of the date of the Definitive Agreement, each Greenbrook share is expected to be exchanged for 0.01149 shares of Neuronetics common stock at the closing of the transaction, subject to adjustment for any interim period funding by Madryn and other customary adjustments prior to the closing (based on the terms of the agreement).

Neuronetics, Inc. (NASDAQ: STIM) recently announced a definitive agreement with Greenbrook TMS Inc. (OTC: GBNHF) to acquire its outstanding common shares in an all-stock transaction.

The agreement also offers financial benefits for the combined company, including expected mid-teens year-over-year revenue growth in fiscal 2025 and 2026, improved balance sheet to ...