Ceribell, Inc. Files IPO Amendment
Ticker: CBLL · Form: S-1/A · Filed: Oct 9, 2024 · CIK: 1861107
| Field | Detail |
|---|---|
| Company | Ceribell, INC. (CBLL) |
| Form Type | S-1/A |
| Filed Date | Oct 9, 2024 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $16.00, $17.00, $40 million, $16.50, $2 billion |
| Sentiment | neutral |
Sentiment: neutral
Topics: ipo, sec-filing, amendment
TL;DR
Ceribell IPO update: S-1/A filed Oct 9. Moving closer to public trading.
AI Summary
Ceribell, Inc. filed an S-1/A amendment on October 9, 2024, for its initial public offering. The company, based in Sunnyvale, California, is registering an unspecified number of shares under the Securities Act of 1933. Jane Chao, Ph.D., is listed as the President, CEO, and Co-Founder.
Why It Matters
This filing indicates Ceribell, Inc. is moving forward with its plan to become a publicly traded company, which could impact its ability to raise capital and its future growth trajectory.
Risk Assessment
Risk Level: medium — As an S-1/A filing, it signifies a company pursuing an IPO, which inherently carries market and execution risks.
Key Numbers
- 333-281784 — Registration Number (This is the SEC registration number for the S-1 filing.)
Key Players & Entities
- Ceribell, Inc. (company) — Registrant
- October 9, 2024 (date) — Filing date
- 360 N. Pastoria Avenue Sunnyvale, California 94085 (address) — Principal executive offices
- Jane Chao, Ph.D. (person) — President, Chief Executive Officer and Co-Founder
- 333-281784 (registration_number) — SEC registration number
FAQ
What is the purpose of this S-1/A filing?
This is an amendment (Amendment No. 3) to the Form S-1 Registration Statement filed by Ceribell, Inc. under the Securities Act of 1933, indicating updates or revisions to their initial public offering plans.
When was this amendment filed?
This amendment was filed with the U.S. Securities and Exchange Commission on October 9, 2024.
Who is the principal executive officer of Ceribell, Inc. mentioned in the filing?
Jane Chao, Ph.D., is listed as the President, Chief Executive Officer and Co-Founder of Ceribell, Inc.
What is the principal business address of Ceribell, Inc.?
The principal business address is 360 N. Pastoria Avenue, Sunnyvale, California 94085.
What is the SEC file number associated with this registration?
The SEC file number is 333-281784.
Filing Stats: 4,403 words · 18 min read · ~15 pages · Grade level 15.1 · Accepted 2024-10-09 07:38:21
Key Financial Figures
- $16.00 — the public offering price to be between $16.00 and $17.00 per share. Currently, no pub
- $17.00 — offering price to be between $16.00 and $17.00 per share. Currently, no public market
- $40 million — ing up to an aggregate of approximately $40 million of shares of our common stock in this o
- $16.50 — offering, assuming an offering price of $16.50 per share, which is the midpoint of the
- $2 billion — opportunity that we estimate to be over $2 billion. In the future, we intend to leverage o
- $45.2 million — ctive account. We recognized revenue of $45.2 million for the year ended December 31, 2023, c
- $25.9 million — cember 31, 2023, compared to revenue of $25.9 million for the year ended December 31, 2022, r
- $29.7 million — r-year growth. We recognized revenue of $29.7 million for the six months ended June 30, 2024,
- $20.5 million — d June 30, 2024, compared to revenue of $20.5 million for the six months ended June 30, 2023,
- $29.5 m — gross margin of 84.4% and a net loss of $29.5 million, compared to a gross margin of 82
- $37.2 million — gross margin of 82.9% and a net loss of $37.2 million for the year ended December 31, 2022. F
- $17.5 m — a gross margin of 86% and a net loss of $17.5 million, compared to a gross margin of 85
- $14.1 million — a gross margin of 85% and a net loss of $14.1 million for the six months ended June 30, 2023.
- $144.0 million — 2024, we had an accumulated deficit of $144.0 million. 2 Market Overview and Opportunity
Filing Documents
- ceribell_s-1_amendment_3.htm (S-1/A) — 5518KB
- cbll-ex5_1.htm (EX-5.1) — 32KB
- cbll-ex23_1.htm (EX-23.1) — 5KB
- cbll-exfiling_fees.htm (EX-FILING FEES) — 38KB
- img6291161_0.jpg (GRAPHIC) — 20KB
- img6291161_1.jpg (GRAPHIC) — 20KB
- img65450230_0.jpg (GRAPHIC) — 91KB
- img65450230_1.jpg (GRAPHIC) — 123KB
- img65450230_2.jpg (GRAPHIC) — 91KB
- img65450230_3.jpg (GRAPHIC) — 60KB
- img65450230_4.jpg (GRAPHIC) — 360KB
- img65450230_5.jpg (GRAPHIC) — 228KB
- img65450230_6.jpg (GRAPHIC) — 206KB
- img65450230_7.jpg (GRAPHIC) — 145KB
- img65450230_8.jpg (GRAPHIC) — 147KB
- img65450230_9.jpg (GRAPHIC) — 935KB
- img65450230_10.jpg (GRAPHIC) — 360KB
- img65450230_11.jpg (GRAPHIC) — 532KB
- img65450230_12.jpg (GRAPHIC) — 100KB
- img65450230_13.jpg (GRAPHIC) — 295KB
- img65450230_14.jpg (GRAPHIC) — 131KB
- img65450230_15.jpg (GRAPHIC) — 96KB
- img65450230_16.jpg (GRAPHIC) — 88KB
- img65450230_17.jpg (GRAPHIC) — 85KB
- img65450230_18.jpg (GRAPHIC) — 725KB
- img65450230_19.jpg (GRAPHIC) — 1063KB
- img65450230_20.jpg (GRAPHIC) — 114KB
- 0000950170-24-113629.txt ( ) — 13787KB
Description of Capital Stock
Description of Capital Stock 163 Special Note Regarding Forward-Looking Statements 60 Shares Eligible for Future Sale 168 Material U.S. Federal Income Tax Consequences to Non-U.S. Holders 171 Market and Industry Data 62
Use of Proceeds
Use of Proceeds 63
UNDERWRITING
UNDERWRITING 174 Dividend Policy 64 Legal Matters 181 Capitalization 65 Experts 181
Dilution
Dilution 67 Where You Can Find Additional Information 181 Management’s Discussion and Analysis of Financial Condition and Results of Operations 70 CHANGE IN INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 181
Business
Business 89 Index to Financial Statements F- 1 Management 136 As used in this prospectus, unless the context otherwise requires, references to “Ceribell,” the “company,” “we,” “us,” and “our” refer to CeriBell, Inc. “Ceribell,” the Ceribell logos, and other trade names, trademarks, or service marks of Ceribell appearing in this prospectus are the property of Ceribell. Other trade names, trademarks, or service marks appearing in this prospectus are the property of their respective holders. We do not intend our use or display of other companies’ trade names, trademarks, or service marks to imply a relationship with, or endorsement or sponsorship of us, by these other companies. Solely for convenience, trade names, trademarks, and service marks referred to in this prospectus appear without the , , and SM symbols, but those references are not intended to indicate, in any way, that we will not assert, to the fullest extent under applicable law, our rights or that the applicable owner will not assert its rights, to these trade names, trademarks, and service marks. Numerical figures included in this prospectus have been subject to rounding adjustments. Accordingly, numerical figures shown as totals in various tables may not be arithmetic aggregations of the figures that precede them. We have not, and the underwriters have not, authorized anyone to provide you any information or to make any representations other than those contained in this prospectus or in any free writing prospectus prepared by or on behalf of us or to which we have referred you. Neither we nor the underwriters take responsibility for, or provide any assurance as to the reliability of, any other information others may give you. This prospectus is an offer to sell only the shares offered hereby, and only under circumstances and in jurisdictions where it is lawful to do so. We are not, and the underw