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Greenbrook TMS Inc - GBNH STOCK NEWS

Welcome to our dedicated news page for Greenbrook TMS (Ticker: GBNH), a resource for investors and traders seeking the latest updates and insights on Greenbrook TMS.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Greenbrook TMS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Greenbrook TMS's position in the market.

Rhea-AI Summary
Greenbrook TMS Inc. receives final delisting notice from Nasdaq due to non-compliance with minimum bid price and stockholders' equity requirements. Common shares to be suspended on February 26, 2024, with plans to quote on OTC Markets. Company decides not to appeal Nasdaq's decision.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-40.69%
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Rhea-AI Summary
Greenbrook TMS Inc. (NASDAQ: GBNH) announces a registered direct offering of 6,000,000 common shares at $0.20 per share, raising approximately $1.2 million in gross proceeds.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-46.74%
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Rhea-AI Summary
Greenbrook TMS Inc. announces a new senior secured term loan of US$2,538,071 from Madryn Asset Management, LP under the Credit Facility. The company now has approximately US$87 million outstanding under the facility, with plans to use the new funds for general corporate and working capital purposes. The Amendment also extends the minimum liquidity covenant period to March 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.14%
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Rhea-AI Summary
Greenbrook TMS Inc. announced a new amendment to its credit facility with Madryn Asset Management, securing an additional US$1,522,843 in senior secured term loans. The company now has approximately US$85 million outstanding under the credit facility. The proceeds of the new loan will be used for general corporate and working capital purposes. The transactions were reviewed and approved by the independent members of the board of directors, and the new loan is exempt from minority approval requirements under MI 61-101.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.57%
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Rhea-AI Summary
Greenbrook TMS Inc. (NASDAQ: GBNH) has appointed Peter Willett as the full-time Chief Financial Officer. Mr. Willett brings over 11 years of finance experience and has been a key player on the Greenbrook finance team for the past six years. This appointment signifies a strategic move to strengthen the company's financial leadership.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Rhea-AI Summary
Greenbrook TMS Inc. (NASDAQ: GBNH) has appointed Juliana Elstad, a seasoned CEO and entrepreneur, to its board of directors. Ms. Elstad brings over 20 years of experience in medical innovation and has a track record of success in both small startup and multi-billion-dollar environments. She is currently the president and CEO of Vibrato Medical, a company developing non-invasive technology for the treatment of Chronic Limb Threatening Ischemia and Peripheral Arterial Disease. Prior to this, she has held leadership positions at Impleo Medical, Intelect Medical, and Medtronic, Inc. Ms. Elstad is also a member of the board of directors of AdvaMed, the world's largest medtech trade association.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.67%
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Rhea-AI Summary
Greenbrook TMS Inc. (NASDAQ: GBNH) has secured an additional US$1,522,843 in senior secured term loans from affiliates of Madryn Asset Management, LP. The company now has an aggregate amount of approximately US$83 million outstanding under the Credit Facility. The New Loan is expected to be used for general corporate and working capital purposes. Madryn has also agreed to extend the period during which the Company's minimum liquidity covenant under the Credit Facility is reduced. The transactions are considered 'related party transactions' and were reviewed and unanimously approved by the independent members of the board of directors of the Company.
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Rhea-AI Summary
Greenbrook TMS Inc. (NASDAQ: GBNH) secures additional US$5,262,952 in senior secured term loans from Madryn Asset Management, LP, with the option for Madryn to convert up to approximately US$478,450 of the outstanding principal amount of the new loan into common shares of the company at a conversion price per share equal to US$1.90.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.4%
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none
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Rhea-AI Summary
Greenbrook TMS Inc. (NASDAQ: GBNH) secures additional senior secured term loans of US$4,015,548.22 from Madryn Asset Management, LP. The total outstanding under the Credit Facility is approximately US$76 million. Madryn has the option to convert a portion of the outstanding principal amount of the New Loan into Common Shares at a conversion price per share equal to US$1.90. The Amendment extends the period during which the Company's minimum liquidity covenant is reduced from US$3,000,000 to US$300,000 to January 15, 2024.
Rhea-AI Impact
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End-of-Day
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Rhea-AI Summary
Greenbrook TMS Inc. (NASDAQ: GBNH) secured an additional $2,500,000 in senior secured term loans from Madryn Asset Management, LP under the twentieth amendment to its credit facility. The company now has an aggregate amount of approximately $72 million outstanding under the Credit Facility. Madryn also has the option to convert up to approximately US$227,273 of the outstanding principal amount of the new loan into common shares of the Company at a conversion price per share equal to US$1.90.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
45.05%
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Greenbrook TMS Inc

Nasdaq:GBNH

GBNH Rankings

GBNH Stock Data

5.52M
13.12M
47.89%
30.61%
0.27%
Dental Laboratories
Manufacturing
Link
Canada
Toronto

About GBNH

leading provider of tms therapy. fda-cleared & proven treatment for depression. non-invasive, non-sedating, no drug related side effects. we can help!