Greenbrook TMS Inc. announced a private placement to issue senior secured term loans for the gross proceeds of $4,015,548.22 on December 15, 2023. The transaction included participation from returning investor certain affiliates of Madryn Asset Management, LP. The amendment also provides with the option to convert up to approximately $365,050 of the outstanding principal amount of the new loan into common shares of the company at a conversion price per share equal to $1.90 subject to customary anti-dilution adjustments.