AirSculpt Prices $12M Stock Offering for Debt Reduction

AirSculpt Technologies, Inc., a national provider of premium body contouring procedures, has announced an underwritten public offering of 3.16 million shares of common stock, with an option for the underwriter to purchase an additional 474,000 shares. The shares are priced at $3.80 each, aiming to raise approximately $12 million before expenses. The company intends to use the majority of the proceeds to prepay a portion of its outstanding debt under its existing credit agreement, with the remainder allocated for general corporate purposes, including working capital and business opportunities. Vesey Street Capital Partners, the largest shareholder associated with two AirSculpt directors, has expressed a non-binding interest in acquiring up to $4 million in shares. Leerink Partners is serving as the sole bookrunner for the offering, which is expected to close around June 11, 2025, subject to customary conditions. Despite a strong gross profit margin of 64%, AirSculpt is currently not profitable and faces ongoing financial challenges, making this debt reduction a critical strategic move.