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Greenbrook TMS Inc.

Company Description

Greenbrook is a leading provider of Transcranial Magnetic Stimulation, a United States Food and Drug Administration cleared, non-invasive therapy for the treatment of major depressive disorder, and is operating through 41 Company-operated treatment centers,.TMS therapy provides local electromagnetic stimulation to specific brain regions known to be directly associated with mood regulation. Greenbrook has provided more than 160,000 TMS treatments to over 4,500 patients struggling with depression.

Address: 890 Yonge Street, 7th Floor
Toronto, Ontario, M4W 3P4
Canada
Phone Number: 416 322 9700
Fax Number:
Website:
Industry: Equip., Software, Syst. & Services
Closing Date: Wednesday, October 3, 2018
1st Day of Trading: Wednesday, October 3, 2018
Primary Symbol: GTMS
Exchange: Toronto

Proceeds

The net proceeds of the offering will be used for the development of new TMS Centers and related working capital and the repayment of indebtness.

Gross Proceeds: US $20,000,000.00
Underwrting Fees: US $707,292.00
Expense Offering: US $400,000.00
Net Proceeds: US $18,892,708.00
Lead Underwriter: Bloom Burton Securities Inc.
Other Underwriter(s):

Performance

1 day 1 week 1 month 6 months Inception
Recent Performance 0.00 % -28.68 % -62.98 % -70.34 % -51.50 %
Post IPO Performance 53.50 % 750.00 % 775.00 %