Here are the 424B prospectus supplements from Stereotaxis, Inc. (STXS) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow STXS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full STXS filings page.
Stereotaxis, Inc. is registering for resale up to 108,868,331 shares of common stock held by existing investors. The shares consist of up to 72,722,177 shares issuable upon conversion of Series A Convertible Preferred Stock and up to 36,146,154 shares from related warrants. The company will not receive proceeds from these stockholder sales. The Series A Convertible Preferred carries a 6.0% cumulative, non-cash dividend that increases its conversion amount, adding to potential dilution.
The prospectus also describes the completed acquisition of Robocath for approximately $20.0 million in cash and stock plus up to $25.0 million in milestone-based earnouts, partly payable in shares subject to a 19.9% NYSE American share cap. Stereotaxis states the Robocath deal will not be accretive in the near term and is expected to increase consolidated operating losses while integration, manufacturing scale-up, and regulatory efforts proceed.
Stereotaxis, Inc. is registering up to 19,449,603 shares of common stock for resale by former Robocath securityholders and Robocath’s advisor. These shares include 6,269,628 Closing Shares already issued and up to 13,179,975 Earnout Shares that may be issued if specified regulatory and commercial milestones are achieved.
The earnout pool supports up to $25.0 million of contingent consideration and is subject to a 19.9% NYSE American Share Cap based on shares outstanding before the acquisition. Stereotaxis will not receive proceeds from these resales, other than de minimis cash from exercises of low‑priced Purchaser Warrants.