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Restoration Robotics™ Announces Pricing of Public Offering of Common Stock

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SAN JOSE, Calif., Aug. 09, 2018 (GLOBE NEWSWIRE) -- Restoration Robotics™, Inc. (NASDAQ:HAIR) today announced the pricing of its public offering of 10,000,000 shares of common stock at a public offering price of $1.50 per share, before the underwriting discount.  All of the shares of common stock are being offered by the Company. The Company has also granted the underwriters a 30-day option to purchase up to 1,500,000 additional shares of common stock at the public offering price, less the underwriting discount, to cover over-allotments, if any. The offering is expected to close on August 14, 2018, subject to customary closing conditions.

Restoration Robotics currently expects to use the net proceeds from this offering, along with existing cash and cash equivalents, to fund expanded commercialization activities and the launch of the ARTAS iX System and for working capital and general corporate purposes.

William Blair & Company, L.L.C. is acting as sole book-running manager for the offering. National Securities Corporation, a wholly owned subsidiary of National Holdings, Inc. (NASDAQ:NHLD), and Roth Capital Partners are acting as co-managers for the offering. Craig-Hallum Capital Group LLC is acting as independent financial advisor for the offering.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on August 9, 2018. The offering is being made only by means of a written prospectus forming part of the effective registration statement. A copy of the final prospectus, when available, may be obtained for free by visiting EDGAR on the Securities and Exchange Commission's website at www.sec.gov. Alternatively, copies of the preliminary prospectus and the final prospectus, when available, may be obtained for free by contacting William Blair & Company, L.L.C. at 150 North Riverside Plaza, Chicago, Illinois 60606, Attention: Prospectus Department, by telephone at (800) 621-0687, or by email at prospectus@williamblair.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any of these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the applicable securities laws of such state or jurisdiction.

About Restoration Robotics
Restoration Robotics, Inc., is a medical device company developing and commercializing the ARTAS Robotic Hair Restoration System. We believe the ARTAS System is the first and only physician-assisted system to dissect, and assist in the harvesting of, follicular units directly from the scalp, creating recipient implant sites using proprietary algorithms and implanting the harvested follicles. The Company has unique expertise in machine vision, image guidance, visual servoing and robotics, as well as developing intuitive interfaces to manage these technologies.

Contact
The Ruth Group
Brian Johnston
ir@restorationrobotics.com 
646-536-7000

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