Nexstim started 2021 on a positive footing with its Q121 business and clinical update highlighting incremental operational progress and a growing body of evidence in depression. The successful €6.4m (net) spring rights issue provides additional funds to support execution on the company’s 2020-24 corporate strategy, including funding further development of new accelerated iTBS treatment protocols. Resolutions at this week’s AGM authorised a 100 to 1 reverse share split to facilitate trading, positioning the company to continue to deliver on its goal of revenue growth and improved profitability, catalysed longer-term by a disruptive shift in depression treatment (and its delivery) with its accurately navigated SmartFocus transcranial magnetic stimulation (TMS) NBT technology. Updating our model for the raise and share consolidation results in a valuation of €49.4m or €7.44 per share (€6.84 fully diluted).
12 May 2021
Consolidating both shares and strategy
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Consolidating both shares and strategy
Nexstim PLC (0W8N:LON) | 0 0 0.0%
- Published:
12 May 2021 -
Author:
Franc Gregori | Lala Gregorek -
Pages:
3
Nexstim started 2021 on a positive footing with its Q121 business and clinical update highlighting incremental operational progress and a growing body of evidence in depression. The successful €6.4m (net) spring rights issue provides additional funds to support execution on the company’s 2020-24 corporate strategy, including funding further development of new accelerated iTBS treatment protocols. Resolutions at this week’s AGM authorised a 100 to 1 reverse share split to facilitate trading, positioning the company to continue to deliver on its goal of revenue growth and improved profitability, catalysed longer-term by a disruptive shift in depression treatment (and its delivery) with its accurately navigated SmartFocus transcranial magnetic stimulation (TMS) NBT technology. Updating our model for the raise and share consolidation results in a valuation of €49.4m or €7.44 per share (€6.84 fully diluted).