Neuronetics Aligns with Shareholder Chernett; Board Seat Opportunity

Neuronetics, Inc. and Jorey Chernett, the company's second largest shareholder, announced an understanding to align interests. Following constructive engagement, Mr. Chernett expressed comfort with Neuronetics' capital position and confidence in management's execution. The agreement includes an opportunity for Mr. Chernett to recommend a new board member, subject to customary approvals. Madryn Asset Management, the largest shareholder, also reaffirmed its conviction in the company's long-term prospects.