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Neuronetics, Inc., Maker of NeuroStar® Advanced Therapy, Announces Pricing of Initial Public OfferingMALVERN, Pa., June 28, 2018 (GLOBE NEWSWIRE) -- Neuronetics, Inc., a commercial-stage medical device company focused on designing, developing, and manufacturing products that improve the quality of life for patients who suffer from psychiatric disorders and the maker of the NeuroStar® Advanced Therapy System, a non-drug, office-based therapy cleared by the FDA in 2008 to treat adult patients with Major Depressive Disorder who have not seen success with at least one antidepressant medication in the current episode, announced today the pricing of its initial public offering of 5.5 million shares of its common stock at a public offering price of $17.00 per share. In addition, Neuronetics has granted the underwriters a 30-day option to purchase up to an additional 825,000 shares of its common stock at the public offering price, less the underwriting discount. The shares are expected to begin trading on the NASDAQ Global Market on June 28, 2018 under the ticker symbol “STIM.” The offering is scheduled to close on July 2, 2018, subject to customary closing condition. Piper Jaffray & Co. and William Blair & Company, L.L.C. are serving as joint book-running managers for the proposed offering. Canaccord Genuity LLC is acting as lead manager for the offering, and BTIG, LLC and JMP Securities LLC are acting as co-managers for the proposed offering. The offering will be made only by means of a prospectus. A copy of the preliminary prospectus relating to this offering may be obtained from Piper Jaffray & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, via telephone at (800) 747-3924 or via email at [email protected], or from William Blair & Company, L.L.C., Attention: Prospectus Department, 150 North Riverside Plaza, Chicago, IL 60606; via telephone at (800) 621-0687 or via email at [email protected]. A registration statement on Form S-1 relating to these securities has been filed with the U.S. Securities and Exchange Commission and was declared effective on June 27, 2018. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Neuronetics Forward-Looking and Cautionary Statements For more information, please contact: |