Welcome to our dedicated page for Greenbrook TMS news (Ticker: GBNH), a resource for investors and traders seeking the latest updates and insights on Greenbrook TMS stock.
Greenbrook TMS Inc. (NASDAQ: GBNH) delivers innovative mental health solutions through its network of 130 treatment centers, specializing in Transcranial Magnetic Stimulation (TMS) therapy and Spravato® for depression. This page provides essential updates on corporate developments, clinical advancements, and strategic initiatives shaping this mental health leader.
Investors and healthcare professionals will find timely information on financial restructuring efforts, leadership appointments like recent board member Juliana Elstad, and operational milestones including over 1.3 million treatments administered. Our curated news collection covers earnings reports, partnership announcements, and treatment efficacy updates while maintaining compliance with financial disclosure standards.
Discover how Greenbrook combines clinical expertise with business innovation through its FDA-cleared therapies and strategic financing agreements. Bookmark this page for ongoing insights into corporate governance changes, treatment accessibility improvements, and industry recognition of non-invasive depression therapies.
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Greenbrook TMS Inc. receives final delisting notice from Nasdaq due to non-compliance with minimum bid price and stockholders' equity requirements. Common shares to be suspended on February 26, 2024, with plans to quote on OTC Markets. Company decides not to appeal Nasdaq's decision.
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Greenbrook TMS Inc. (NASDAQ: GBNH) announces a registered direct offering of 6,000,000 common shares at $0.20 per share, raising approximately $1.2 million in gross proceeds.
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Greenbrook TMS Inc. announces a new senior secured term loan of US$2,538,071 from Madryn Asset Management, LP under the Credit Facility. The company now has approximately US$87 million outstanding under the facility, with plans to use the new funds for general corporate and working capital purposes. The Amendment also extends the minimum liquidity covenant period to March 15, 2024.
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Greenbrook TMS Inc. announced a new amendment to its credit facility with Madryn Asset Management, securing an additional US$1,522,843 in senior secured term loans. The company now has approximately US$85 million outstanding under the credit facility. The proceeds of the new loan will be used for general corporate and working capital purposes. The transactions were reviewed and approved by the independent members of the board of directors, and the new loan is exempt from minority approval requirements under MI 61-101.
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Greenbrook TMS Inc. (NASDAQ: GBNH) has appointed Peter Willett as the full-time Chief Financial Officer. Mr. Willett brings over 11 years of finance experience and has been a key player on the Greenbrook finance team for the past six years. This appointment signifies a strategic move to strengthen the company's financial leadership.
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Greenbrook TMS Inc. (NASDAQ: GBNH) has appointed Juliana Elstad, a seasoned CEO and entrepreneur, to its board of directors. Ms. Elstad brings over 20 years of experience in medical innovation and has a track record of success in both small startup and multi-billion-dollar environments. She is currently the president and CEO of Vibrato Medical, a company developing non-invasive technology for the treatment of Chronic Limb Threatening Ischemia and Peripheral Arterial Disease. Prior to this, she has held leadership positions at Impleo Medical, Intelect Medical, and Medtronic, Inc. Ms. Elstad is also a member of the board of directors of AdvaMed, the world's largest medtech trade association.
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Greenbrook TMS Inc. (NASDAQ: GBNH) has secured an additional US$1,522,843 in senior secured term loans from affiliates of Madryn Asset Management, LP. The company now has an aggregate amount of approximately US$83 million outstanding under the Credit Facility. The New Loan is expected to be used for general corporate and working capital purposes. Madryn has also agreed to extend the period during which the Company's minimum liquidity covenant under the Credit Facility is reduced. The transactions are considered 'related party transactions' and were reviewed and unanimously approved by the independent members of the board of directors of the Company.
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Greenbrook TMS Inc. (NASDAQ: GBNH) secures additional US$5,262,952 in senior secured term loans from Madryn Asset Management, LP, with the option for Madryn to convert up to approximately US$478,450 of the outstanding principal amount of the new loan into common shares of the company at a conversion price per share equal to US$1.90.
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Greenbrook TMS Inc. (NASDAQ: GBNH) secures additional senior secured term loans of US$4,015,548.22 from Madryn Asset Management, LP. The total outstanding under the Credit Facility is approximately US$76 million. Madryn has the option to convert a portion of the outstanding principal amount of the New Loan into Common Shares at a conversion price per share equal to US$1.90. The Amendment extends the period during which the Company's minimum liquidity covenant is reduced from US$3,000,000 to US$300,000 to January 15, 2024.
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Greenbrook TMS Inc. (NASDAQ: GBNH) secured an additional $2,500,000 in senior secured term loans from Madryn Asset Management, LP under the twentieth amendment to its credit facility. The company now has an aggregate amount of approximately $72 million outstanding under the Credit Facility. Madryn also has the option to convert up to approximately US$227,273 of the outstanding principal amount of the new loan into common shares of the Company at a conversion price per share equal to US$1.90.
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Greenbrook TMS Inc.