Neuronetics updates Madryn registration and voting terms
Neuronetics, Inc. entered into a Second Amendment to its Registration Rights Agreement with Madryn Asset Management and its affiliates.
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Rhea-AI Filing Summary
Neuronetics, Inc. entered into a Second Amendment to its Registration Rights Agreement with Madryn Asset Management and its affiliates. The amendment updates how Neuronetics will handle potential future resale registrations of Neuronetics shares held by the Madryn parties and adds a voting commitment.
Under the amendment, if Neuronetics receives a Shelf Notice after the amendment becomes effective, it must prepare and file a registration statement for resale of all Registrable Securities then beneficially owned by the Madryn parties as promptly as practicable and within five business days after filing its Form 10‑K for the year ended December 31, 2025. The Madryn parties also agree to vote all Neuronetics shares they own at the 2026 annual meeting in line with the Board of Directors’ voting recommendations on certain proposals defined in the amendment.
8-K Event Classification
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Neuronetics (STIM) announce regarding the Madryn Registration Rights Agreement?
How does the Second Amendment affect Neuronetics’ obligation to file a resale registration for Madryn?
What voting commitments did the Madryn parties make to Neuronetics (STIM) in the Second Amendment?
Which prior agreements between Neuronetics and Madryn does this Second Amendment modify?
Where can investors find the full text of Neuronetics’ Second Amendment with the Madryn parties?
AI-generated analysis. How Rhea-AI works. Not financial advice.