CeriBell Upsizes 10.61M Share IPO Price to $17 per Share

CeriBell, Inc. (Nasdaq: CBLL) has announced the pricing of its increased initial public offering, consisting of 10,606,060 shares of common stock priced at $17.00 each. As part of the offering, Ceribell has granted underwriters a 30-day option to acquire an additional 1,590,909 shares at the initial offering price, minus underwriting discounts and commissions. Trading on the Nasdaq Global Select Market is anticipated to commence on October 11, 2024, under the ticker symbol “CBLL.” The gross proceeds from the offering, before deducting underwriting discounts, commissions, and other expenses, are projected to reach approximately $180.3 million, excluding any shares purchased through the underwriters’ option. The offering is expected to close on October 15, 2024, pending customary closing conditions.

BofA Securities and J.P. Morgan are serving as joint book-running managers and representatives of the underwriters for this offering. William Blair, TD Cowen, and Canaccord Genuity are participating as co-managers.

This offering is being conducted solely through a prospectus. When available, the final prospectus can be requested from BofA Securities or J.P. Morgan using the provided contact information.

A registration statement on Form S-1, which includes the prospectus, was declared effective by the U.S. Securities and Exchange Commission on October 10, 2024. This announcement does not constitute an offer to sell or a solicitation of an offer to buy, nor will there be any sale of these securities in any state or jurisdiction where such actions would be unlawful prior to registration or qualification under local securities laws.