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Restoration Robotics, Inc™ Announces Full Exercise and Closing of Underwriters' Over-allotment Option

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SAN JOSE, Calif., Aug. 16, 2018 (GLOBE NEWSWIRE) -- Restoration Robotics™, Inc. (NASDAQ:HAIR), the global leader in robotic hair restoration, today announced that the underwriters of Restoration Robotics' previously announced public offering that closed on August 14, 2018, have purchased an additional 1,500,000 shares of Restoration Robotics' common stock at a public offering price of $1.50 per share, before underwriting discounts and commissions, in connection with the exercise in full of their over-allotment option. In this offering, Restoration Robotics has issued and sold an aggregate of 11,500,000 shares of its common stock, with total gross proceeds of approximately $17.25 million before deducting underwriting discounts and commissions and estimated offering expenses.

William Blair & Company, L.L.C. acted as the sole book-running manager for the offering. National Securities Corporation, a wholly owned subsidiary of National Holdings, Inc. (NASDAQ:NHLD), and Roth Capital Partners acted as co-managers for the offering. Craig-Hallum Capital Group LLC acted 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 was made only by means of a written prospectus forming part of the effective registration statement. A copy of the final prospectus 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 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 the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification of these securities under the securities laws of any 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:
Investor Contact:
Brian Johnston, The Ruth Group
Tel: +1 646-536-7028
Email: bjohnston@theruthgroup.com

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