26. SUBSEQUENT EVENTS

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Subsequent to December 31, 2025, Greenbrook received $2.2 million towards its Employee Retention Credit (“ERC”) claim. On March 2, 2026, the Company entered into an agreement with Madryn, under which the Company paid Madryn a portion of the ERC proceeds of $1.1 million. The Company incurred professional fees of $0.3 million and recognized the net interest of $0.8 million. This payment relates to the Term Loan and Exchange Agreement previously executed between Madryn and Greenbrook before completion of the Arrangement Agreement. Madryn is the Company’s largest stockholder, and Avinash Amin, M.D., a representative of Madryn, serves on our Board.

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On March 12, 2026, the Company entered into the Perceptive Fifth Amendment. Under the Perceptive Fifth Amendment, Neuronetics made a one-time principal payment of $5.0 million, and Neuronetics and Perceptive agreed to adjustments to the existing covenants.

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On March 17, 2026, the Company announced that Daniel Reuvers will be appointed as the new President and Chief Executive Officer. The Company expects that Mr. Reuvers will commence employment in such capacity on March 23, 2026.

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