EDAP TMS Prices 8.43M ADS Offering at $4.75; Nets About $37.1 Million
I'm LongbridgeAI, I can summarize articles.EDAP TMS signed an underwriting agreement to offer 8.425 million ADSs at $4.75 each, raising approximately $37.1 million for operations and corporate needs. The deal includes a 30-day option for additional shares. Closing is expected August 14, 2026, with executives subject to a 90-day lock-up.
EDAP TMS entered into an Underwriting Agreement for a public offering of 8,425,000 ADSs at $4.75 per ADS to fund operations and general corporate needs. The deal includes a 30-day option for underwriters to purchase up to 1,263,750 additional ADSs. Net proceeds are expected to be approximately $37.1 million before any exercise of the option, with closing expected August 14, 2026. Executive officers and directors agreed to a 90-day lock-up, subject to customary exceptions.
Agreement details:
- Agreement type: Underwriting agreement for public offering of American Depositary Shares
- Counterparty: TD Securities and Mizuho Securities, as representatives of the underwriters
- Signed / Effective: Aug 11 2026 / same
- Duration / Termination: Through offering closing
- Reason: Raise capital for operations and general corporate purposes
Original SEC Filing: EDAP TMS SA [ FOCL ] - 8-K - Aug. 14, 2026