AirSculpt Technologies, Inc. Announces Pricing of Initial Public Offering

Rhea-AI Summary

AirSculpt Technologies has announced its initial public offering (IPO) of 7,000,000 shares at $11.00 per share. The offering consists of 2,173,913 shares issued by the company and 4,826,087 shares sold by existing stockholders. Underwriters have a 30-day option to buy an additional 1,050,000 shares. The shares are set to trade on NASDAQ under the symbol AIRS on October 29, 2021, with expected closing on November 2, 2021.

Positive

• The IPO offers 7 million shares at $11.00 each, potentially raising significant capital.
• The company’s proprietary AirSculpt® method may drive future growth in the body contouring market.

Negative

• The sale of shares by existing stockholders may dilute the value for current investors.

MIAMI BEACH, Fla., Oct. 29, 2021 (GLOBE NEWSWIRE) -- AirSculpt Technologies, Inc. (“AirSculpt”), an industry leader and national provider of body contouring procedures delivering a premium consumer experience under its brand, Elite Body Sculpture, today announced the pricing of its initial public offering of 7,000,000 shares of its common stock at a price to the public of $11.00 per share (comprising 2,173,913 shares of common stock to be issued by the Company and 4,826,087 shares of common stock to be sold by certain selling stockholders). In addition, the underwriters have been granted a 30-day option to purchase up to an additional 1,050,000 shares of common stock from certain selling stockholders at the initial public offering price, less underwriting discounts and commissions.

The common stock is expected to begin trading on The Nasdaq Stock Market (“NASDAQ”) under the symbol “AIRS” on October 29, 2021, and the offering is expected to close on November 2, 2021, subject to customary closing conditions.

Morgan Stanley, Piper Sandler & Co. and SVB Leerink LLC are acting as lead book-running managers for the proposed offering. Raymond James is acting as co-manager.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission (“SEC”) on October 28, 2021. The offering is being made only by means of a prospectus. When available, copies of the final prospectus related to the offering may be obtained from the SEC at www.sec.gov, and from: Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014. Attention: Prospectus Department; Piper Sandler & Co., 800 Nicollet Mall, J12S03, Minneapolis, MN 55402. Attention: Prospectus Department; SVB Leerink LLC, 53 State Street, 40th Floor, Boston, MA 02109. Attention: Syndicate Department.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or 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 jurisdiction.

About AirSculpt Technologies, Inc.

AirSculpt Technologies is an experienced, fast-growing national provider of body contouring procedures delivering a premium consumer experience under its brand, Elite Body Sculpture. At Elite Body Sculpture, we provide custom body contouring using our proprietary AirSculpt® method that removes unwanted fat in a minimally invasive procedure, producing dramatic results. It is our mission to generate the best results for our patients.

For Investor Relations Contact:
Dennis Dean
investors@elitebodysculpture.com

FAQ

What is the initial public offering price for AirSculpt Technologies (AIRS)?

The initial public offering price for AirSculpt Technologies is $11.00 per share.

When does AirSculpt Technologies start trading on NASDAQ?

AirSculpt Technologies is expected to start trading on NASDAQ on October 29, 2021.

How many shares is AirSculpt Technologies offering in its IPO?

AirSculpt Technologies is offering a total of 7,000,000 shares in its IPO.

What is the symbol for AirSculpt Technologies on NASDAQ?

The symbol for AirSculpt Technologies on NASDAQ is AIRS.

What is the expected closing date for the AirSculpt Technologies IPO?

The expected closing date for the AirSculpt Technologies IPO is November 2, 2021.