DENVER, Aug. 22, 2022 (GLOBE NEWSWIRE) — Guarantee Holdings Corp. (NASDAQ: IONM) (“Guarantee Holdings” or the “Firm“), a supplier of intraoperative neuromonitoring (“IONM”) and distant neurology companies, at this time introduced the pricing of an underwritten public providing with gross proceeds to the Firm anticipated to be roughly $6.2 million, earlier than deducting underwriting reductions and different estimated bills payable by the Firm. The providing equates to five,576,087 shares at a worth to the general public of $1.12 per share. The Firm intends to make use of the online proceeds from this providing for basic company functions, together with, however not restricted to, reimbursement of indebtedness and rising working capital expenditures.
As well as, the Firm granted the underwriters a 45-day choice to buy extra shares of widespread inventory or pre-funded warrants, representing as much as 15% of the variety of the securities supplied within the base deal, solely to cowl over-allotments, if any, which might improve the whole gross proceeds of the providing to roughly $7.2 million, if the over-allotment possibility is exercised in full.
The providing is predicted to shut on August 24, 2022, topic to the satisfaction of customary closing situations.
Aegis Capital Corp. is performing as the only real book-running supervisor for the providing
This providing is being made pursuant to an efficient shelf registration assertion on Kind S-3 (No. 333-266730) beforehand filed with the U.S. Securities and Trade Fee (the “SEC“) and declared efficient by the SEC on August 17, 2022. A closing prospectus complement and accompanying prospectus (collectively, the “Prospectus“) describing the phrases of the proposed providing will likely be filed with the SEC and will likely be obtainable on the SEC’s web site situated at http://www.sec.gov. Digital copies of the Prospectus could also be obtained, when obtainable, by contacting Aegis Capital Corp., Consideration: Syndicate Division, 1345 Avenue of the Americas, twenty seventh ground, New York, NY 10105, by electronic mail at email@example.com, or by phone at (212) 813-1010. Earlier than investing on this providing, events ought to learn of their entirety the Prospectus and the opposite paperwork that the Firm has filed with the SEC which might be included by reference in such Prospectus, which give extra details about the Firm and such providing.
This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase any securities, nor shall there be any gross sales of the securities in any state or jurisdiction wherein such supply, solicitation or sale could be illegal previous to registration or qualification beneath the securities legal guidelines of any such state or jurisdiction.
About Guarantee Holdings
Guarantee Holdings Corp. is a supplier of outsourced intraoperative neuromonitoring and distant neurology companies. The Firm delivers a turnkey suite of scientific and operational companies to help surgeons and medical services throughout invasive procedures that place the nervous system in danger together with neurosurgery, spine, cardiovascular, orthopedic and ear, nostril and throat surgical procedures. Guarantee Holdings employs extremely educated technologists that present a direct level of contact within the working room. Physicians employed by Guarantee Holdings subsidiaries concurrently monitor the useful integrity of sufferers’ neural constructions all through the process speaking in real-time with the surgeon and technologist. Accredited by The Joint Fee, Guarantee Holdings’s mission is to offer distinctive surgical care and a constructive affected person expertise.
This launch accommodates forward-looking statements throughout the that means of Part 27A of the Securities Act of 1933, as amended and Part 21E of the Securities Trade Act of 1934, as amended. All forward-looking statements are inherently unsure as they’re based mostly on present expectations and assumptions regarding future occasions or future efficiency of the Firm. Readers are cautioned to not place undue reliance on these forward-looking statements, that are solely predictions and communicate solely as of the date hereof. In evaluating such statements, potential traders ought to evaluate fastidiously numerous dangers and uncertainties recognized on this launch and issues set within the Firm’s SEC filings. These dangers and uncertainties might trigger the Firm’s precise outcomes to vary materially from these indicated within the forward-looking statements.
Scott Kozak, Investor and Media Relations
Guarantee Holdings Corp.