Assure Holdings Prices 5M Share Offering of Common Stock, Warrants By Investing.com

Assure Holdings Corp. (IONM) (“Assure Holdings” or the “Company”), a company of intraoperative neuromonitoring and remote neurology services, today revealed the rates of an underwritten public offering of 5,000,000 shares of its typical stock (or pre-funded warrants in lieu thereof) at an offering rate to the general public of $1.20 per share (or $1.199 per pre-funded warrant). The pre-funded warrants will be instantly exercisable at a small workout rate of $0.001 or on a cashless basis and might be worked out at any time till all of the pre-funded warrants are worked out completely. The closing of the offering is anticipated to take place on or about May 16, 2023, based on the complete satisfaction of popular closing conditions.

Joseph Gunnar & Co., LLC is serving as the sole book-running supervisor for the offering.

The gross profits to the Company from the offering are anticipated to be around $6 million, prior to subtracting the underwriters’ costs and other offering expenditures payable by Assure. The Company means to utilize the net profits from the offering for basic business functions, consisting of working capital, marketing, item advancement and capital investment.

The Company has actually approved the underwriters in the using a 45-day choice to acquire as much as 750,000 extra shares of the Company’s typical stock and/or pre-funded warrants, in any mix thereof, from the Company at the general public offering rate, less underwriting discount rates and commissions, exclusively to cover over-allotments, if any.

The securities were used pursuant to the Company’s registration declaration on Form S-1 (File No. 333-269438), which was stated efficient by the United States Securities and Exchange Commission (“SEC”) on May 11, 2023. The offering is being made just by methods of a prospectus which belongs of the efficient registration declaration. A last prospectus connecting to the offering will be submitted with the SEC and will be readily available on the SEC’s site at www.sec.gov. Electronic copies of the last prospectus might be gotten, when readily available, from Joseph Gunnar & Co., LLC, 30 Broad Street, 11^th Floor, New York, NY 10004, Attn: Syndicate Department, by phone (212) 440-9600.