Greenbrook TMS Nears Acquisition by Neuronetics, Shareholders to Vote

The latest update is out from Greenbrook Tms ( (GBNHF) ).

Neuronetics, Inc. has announced the proposed acquisition of Greenbrook TMS Inc., with a joint proxy statement filed concerning upcoming special shareholder meetings to discuss the transaction. While Neuronetics continues to comply with SEC filings, Greenbrook operates under Canadian regulations due to its lack of SEC-registered securities. Shareholders of both companies will vote on a plan of arrangement, with Greenbrook shareholders expected to own approximately 43% of the combined entity, and Neuronetics stockholders about 57%. The boards of both companies unanimously recommend voting in favor of the acquisition, which is slated for completion in the fourth quarter of 2024.

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