MALVERN, Pa., July 02, 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 closing of its initial public offering of 6,325,000 shares of its common stock, including the
exercise in full of the underwriters’ option to purchase 825,000 additional shares of common stock, at a public offering price of
$17.00 per share. The aggregate gross proceeds to Neuronetics from the offering were $107.5 million, before deducting underwriting
discounts and offering expenses. All of the shares in the offering were offered by Neuronetics. Neuronetics’ common stock is listed
on the Nasdaq Global Market under the ticker symbol “STIM.”
Piper Jaffray & Co. and William Blair & Company, L.L.C. served as joint book-running managers for the offering. Canaccord
Genuity LLC acted as lead manager for the offering, and BTIG, LLC and JMP Securities LLC acted as co-managers for the offering.
The shares were offered by Neuronetics only by means of a prospectus. Copies of the final prospectus relating to this offering
can 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 prospectus@pjc.com, 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
prospectus@williamblair.com.
A registration statement on Form S-1 relating to these securities was 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
Neuronetics is a commercial stage medical technology company focused on designing, developing and marketing products that improve
the quality of life for patients who suffer from psychiatric disorders. Our first commercial product, the NeuroStar Advanced
Therapy System, is a non-invasive and non-systemic office-based treatment that uses transcranial magnetic stimulation, or TMS, to
create a pulsed, MRI-strength magnetic field that induces electrical currents designed to stimulate specific areas of the brain
associated with mood. The system is cleared by the United States Food and Drug Administration, or FDA, to treat adult patients with
major depressive disorder, or MDD, that have failed to achieve satisfactory improvement from prior antidepressant medication in the
current episode.
For more information, please contact:
Leanne Scott Brown
Vault Communications
610.455.2742
lbrown@vaultcommunications.com