Brief: Neuronetics And Greenbrook TMS Announce Definitive Agreement To Merge

Neuronetics

12/08/2024 12:56

Aug 12 (Reuters) - Greenbrook Tms Inc  GBNHF.PK :
    * NEURONETICS AND GREENBROOK TMS ANNOUNCE DEFINITIVE
AGREEMENT TO
MERGE
    * NEURONETICS INC: EACH GREENBROOK SHARE IS EXPECTED TO BE
EXCHANGED FOR 0.01149 SHARES OF NEURONETICS COMMON STOCK
    * NEURONETICS INC: NEURONETICS SHAREHOLDERS WILL OWN ABOUT
57% OF
COMBINED COMPANY
    * NEURONETICS INC: AGGREGATE OF 25.3 MILLION NEURONETICS
SHARES
WILL BE ISSUED TO GREENBROOK SHAREHOLDERS
    * NEURONETICS INC: GREENBROOK SHAREHOLDERS WILL OWN ABOUT
43% OF
COMBINED COMPANY
    * NEURONETICS INC: NEURONETICS' EXECUTIVE MANAGEMENT TEAM
WILL
CONTINUE WITH COMBINED COMPANY
    * NEURONETICS INC: COMBINED COMPANY EXPECTS MID-TEENS Y-O-Y
REVENUE GROWTH IN FISCAL YEARS 2025 & 2026
    * NEURONETICS INC: COMBINED COMPANY WILL CONTINUE TO OPERATE
AS
NEURONETICS AND TRADE UNDER TICKER 'STIM' ON NASDAQ

Source text for Eikon:  ID:nGNX14WlMd 
Further company coverage:  GBNHF.PK 

 (Reuters.Briefs@thomsonreuters.com)