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Neuronetics Prices 18.75 Million Shares at $1.60 as Stock Falls 13%

The offering is expected to generate about $30 million in gross proceeds before expenses.

By John Kim
Published
A blank share certificate rests on a slanted dark surface / TokenPost.ai
A blank share certificate rests on a slanted dark surface / TokenPost.ai

Neuronetics, Inc. (NASDAQ: STIM) set its public offering price at $1.60 per share for 18.75 million shares. The sale is expected to generate about $30 million in gross proceeds before expenses.

The company’s shares declined 13% during extended trading Wednesday, Nov. 11.

John Kim

John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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