EDAP TMS S.A. Announces Underwritten ADS Offering (~$40M)

What Happened
EDAP TMS S.A. announced on August 11, 2026 that it entered into an underwriting agreement with TD Securities (USA) LLC and Mizuho Securities USA LLC, as representatives, for an underwritten public offering of 8,425,000 American Depositary Shares (ADSs) at $4.75 per ADS. The offering is expected to close on August 14, 2026. The company granted the underwriters a 30-day option to buy up to an additional 1,263,750 ADSs. Net proceeds are expected to be approximately $37.1 million.

Key Details

• Offering size: 8,425,000 ADSs at $4.75 per ADS (gross proceeds ≈ $40.0M).
• Underwriters’ option: 30-day option to purchase up to 1,263,750 additional ADSs.
• Expected net proceeds: ~ $37.1 million after discounts, commissions and fees.
• Use of proceeds: operating costs, capital expenditures and general corporate purposes, including working capital.
• Lock-up: Company officers and directors agreed to 90-day lock-up restrictions on share sales, subject to customary exceptions and waivers.

Why It Matters
This underwritten offering will raise fresh capital for EDAP TMS to fund operations and planned expenditures, which can help support near-term liquidity and business activities. The size of the offering and the 30-day overallotment (option) give the company and underwriters flexibility to raise more capital if demand warrants. Investors should note dilution risk from the new ADSs and the temporary trading restrictions on insiders due to the 90-day lock-up. The offering is being made under EDAP’s effective Form S-3 registration statement.