NeuroOne Medical Technologies Corporation Announces Proposed Public Offering of Common Stock
Rhea-AI Summary
NeuroOne Medical Technologies (NMTC), a medical technology company focused on neurological disorder surgical care, has announced a proposed underwritten registered public offering of common stock shares. The company plans to grant the underwriter a 45-day option to purchase up to an additional 15% of the offered shares.
Ladenburg Thalmann & Co. Inc. will serve as the sole book-running manager for this offering, which will be conducted under an effective shelf registration statement on Form S-3. The offering's completion, size, and terms are subject to market conditions, with no guarantees of successful execution.
The shares will be available through a preliminary prospectus supplement and accompanying prospectus to be filed with the SEC. The offering will only proceed in jurisdictions where it complies with securities laws and registration requirements.
Positive
- Additional capital raising to support company operations
- Offering conducted through established investment bank Ladenburg Thalmann
Negative
- Potential dilution of existing shareholders' value through new share issuance
- Uncertainty regarding the offering's completion, size, and terms
- No specified pricing or number of shares to be offered
News Market Reaction – NMTC
On the day this news was published, NMTC declined 44.77%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
EDEN PRAIRIE, Minn., April 03, 2025 (GLOBE NEWSWIRE) -- NeuroOne Medical Technologies Corporation (Nasdaq: NMTC) (the “Company”), a medical technology company focused on improving surgical care options and outcomes for patients suffering from neurological disorders, announced today that it has commenced a proposed underwritten registered public offering of shares of its common stock.
All of the shares of common stock to be sold in the proposed offering will be sold by the Company. In addition, the Company intends to grant the underwriter a 45-day option to purchase up to an additional
Ladenburg Thalmann & Co. Inc. is acting as sole book-running manager for the proposed offering.
The proposed offering is being made pursuant to a shelf registration statement on Form S-3 (File No. 333-279871) that was declared effective by the U.S. Securities and Exchange Commission (“SEC”), on August 16, 2024. A preliminary prospectus supplement and accompanying prospectus relating to the proposed offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov or by contacting Ladenburg Thalmann & Co. Inc., 640 Fifth Avenue, 4th Floor, New York, New York 10019, or by telephone at (212) 409-2000 or by email at prospectus@ladenburg.com.
This press release does not and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or other 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 other jurisdiction. Any offer, if at all, will be made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement.
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Forward Looking Statements
This press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Except for statements of historical fact, any information contained in this press release may be a forward–looking statement that involve known and unknown risks and uncertainties. In some cases, you can identify forward–looking statements by the words "may," "might," "will," "could," "would," "should," "expect," "intend," "plan," "objective," "anticipate," "believe," "estimate," "predict," "project," "potential," "target," "seek," "contemplate," "continue" and "ongoing," or the negative of these terms, or other comparable terminology intended to identify statements about the future. Forward–looking statements include statements related to the proposed offering. Although the Company believes that we have a reasonable basis for each forward-looking statement, we caution you that these statements are based on a combination of facts and factors currently known by us and our expectations of the future, about which we cannot be certain. Our actual future results may be materially different from what we expect due to factors largely outside our control, including risks and uncertainties related to market and other conditions, the satisfaction of customary closing conditions related to the proposed public offering, the impact of general economic, industry or political conditions in the United States or internationally and those described under the heading "Risk Factors" in our filings with the SEC. These forward–looking statements speak only as of the date of this press release and the Company undertakes no obligation to revise or update any forward–looking statements for any reason, even if new information becomes available in the future.
Contact Information
Chris Donovan
MZ Group – MZ North America
(914) 352-5853
NMTC@mzgroup.us
FAQ
What is the purpose of NMTC's proposed public offering in April 2025?
How many additional shares can the underwriter purchase in NMTC's offering?
What is the registration status of NMTC's public offering?
Where can investors find the prospectus for NMTC's 2025 public offering?
