# EDGAR Filing Document

**Accession Number:** 0001227636
**File Stem:** 0001058854-23-000018
**Filing Date:** 2023-3
**Character Count:** 26526
**Document Hash:** 5726f8a8a8095910b4a433b29bd409fe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001058854-23-000018.hdr.sgml**: 20230323

**ACCESSION NUMBER**: 0001058854-23-000018

**CONFORMED SUBMISSION TYPE**: SC 13D/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230323

**DATE AS OF CHANGE**: 20230322

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Neuronetics, Inc.
- **CENTRAL INDEX KEY:** 0001227636
- **STANDARD INDUSTRIAL CLASSIFICATION:** SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-90797
- **FILM NUMBER:** 23753878

**BUSINESS ADDRESS:**
- **STREET 1:** 3222 PHOENIXVILLE PIKE
- **CITY:** MALVERN
- **STATE:** PA
- **ZIP:** 19355
- **BUSINESS PHONE:** 877-600-7555

**MAIL ADDRESS:**
- **STREET 1:** 3222 PHOENIXVILLE PIKE
- **CITY:** MALVERN
- **STATE:** PA
- **ZIP:** 19355

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NEURONETICS INC
- **DATE OF NAME CHANGE:** 20030416
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CANNELL CAPITAL LLC
- **CENTRAL INDEX KEY:** 0001058854
- **IRS NUMBER:** 943366999
- **STATE OF INCORPORATION:** WY
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 245 MERIWETHER CIRCLE
- **CITY:** ALTA
- **STATE:** WY
- **ZIP:** 83414
- **BUSINESS PHONE:** 4158358300

**MAIL ADDRESS:**
- **STREET 1:** 245 MERIWETHER CIRCLE
- **CITY:** ALTA
- **STATE:** WY
- **ZIP:** 83414

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CANNELL J CARLO DBA CANNELL CAPITAL MGMT
- **DATE OF NAME CHANGE:** 19980330

**SECURITIES AND EXCHANGE COMMISSION** 

 **Washington, D.C. 20549** 

 **SCHEDULE 13D** 

 **Under the Securities Exchange Act of 1934** 

 **(Amendment No. 1)** 

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 **Neuronetics, Inc.** 

 **(Name of Issuer)**

 **Common Stock, par value $0.01 per share**

 **(Title of Class of Securities)**

 **64131A105**

 **(CUSIP Number)**

 **J. Carlo Cannell**

 **Cannell Capital LLC**

 **245 Meriwether Circle**

 **Alta, WY 83414** 

 **(307) 733-2284**

 **(Name, Address and Telephone Number of Person**

 **to Receive Notices and Communications)**

 **March 22, 2023**

 **(Date of Event Which Requires Filing of This Statement)**

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If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ☐

 *Note.* Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

(Continued on following pages)

(Page 1 of 8 Pages)

______________________

\* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("<u>Act</u>") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, *see* the *Notes*).

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a current valid OMB control number.

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| **CUSIP No. 64131A105** | **Page 2 of 8 Pages** |

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|:---|:---|:---|:---|
| 1 | &nbsp;&nbsp; NAME OF REPORTING PERSON<br> Cannell Capital LLC<br> I.R.S. Identification Nos. of above persons (entities only)<br> 94-3366999 | &nbsp;&nbsp; NAME OF REPORTING PERSON<br> Cannell Capital LLC<br> I.R.S. Identification Nos. of above persons (entities only)<br> 94-3366999 | &nbsp;&nbsp; NAME OF REPORTING PERSON<br> Cannell Capital LLC<br> I.R.S. Identification Nos. of above persons (entities only)<br> 94-3366999 |
| 2 | &nbsp;&nbsp; CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br> (a) ☐ <br> (b) ☐ | &nbsp;&nbsp; CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br> (a) ☐ <br> (b) ☐ | &nbsp;&nbsp; CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br> (a) ☐ <br> (b) ☐ |
| 3 | &nbsp;&nbsp; SEC USE ONLY | &nbsp;&nbsp; SEC USE ONLY | &nbsp;&nbsp; SEC USE ONLY |
| 4 | &nbsp;&nbsp; SOURCE OF FUNDS<br> (see instructions)<br> WC/OO | &nbsp;&nbsp; SOURCE OF FUNDS<br> (see instructions)<br> WC/OO | &nbsp;&nbsp; SOURCE OF FUNDS<br> (see instructions)<br> WC/OO |
| 5 | &nbsp;&nbsp; CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) ☐ or 2(e) ☐  | &nbsp;&nbsp; CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) ☐ or 2(e) ☐  | &nbsp;&nbsp; CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) ☐ or 2(e) ☐  |
| 6 | &nbsp;&nbsp; CITIZENSHIP OR PLACE OF ORGANIZATION<br> USA | &nbsp;&nbsp; CITIZENSHIP OR PLACE OF ORGANIZATION<br> USA | &nbsp;&nbsp; CITIZENSHIP OR PLACE OF ORGANIZATION<br> USA |
| NUMBER OF SHARES<br> BENEFICIALLY OWNED BY<br> EACH REPORTING <br> PERSON WITH | NUMBER OF SHARES<br> BENEFICIALLY OWNED BY<br> EACH REPORTING <br> PERSON WITH | 7 | &nbsp;&nbsp; SOLE VOTING POWER\*<br> 3,127,819 |
| NUMBER OF SHARES<br> BENEFICIALLY OWNED BY<br> EACH REPORTING <br> PERSON WITH | NUMBER OF SHARES<br> BENEFICIALLY OWNED BY<br> EACH REPORTING <br> PERSON WITH | 8 | &nbsp;&nbsp; SHARED VOTING POWER<br> 0 |
| NUMBER OF SHARES<br> BENEFICIALLY OWNED BY<br> EACH REPORTING <br> PERSON WITH | NUMBER OF SHARES<br> BENEFICIALLY OWNED BY<br> EACH REPORTING <br> PERSON WITH | 9 | &nbsp;&nbsp; SOLE DISPOSITIVE POWER\*<br> 3,127,819 |
| NUMBER OF SHARES<br> BENEFICIALLY OWNED BY<br> EACH REPORTING <br> PERSON WITH | NUMBER OF SHARES<br> BENEFICIALLY OWNED BY<br> EACH REPORTING <br> PERSON WITH | 10 | &nbsp;&nbsp; SHARED DISPOSITIVE POWER<br> 0 |
| 11 | &nbsp;&nbsp; AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 3,127,819 | &nbsp;&nbsp; AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 3,127,819 | &nbsp;&nbsp; AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 3,127,819 |
| 12 | &nbsp;&nbsp; CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐<br> (see instructions) | &nbsp;&nbsp; CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐<br> (see instructions) | &nbsp;&nbsp; CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐<br> (see instructions) |
| 13 | &nbsp;&nbsp; PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11<br> 11.03%\* | &nbsp;&nbsp; PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11<br> 11.03%\* | &nbsp;&nbsp; PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11<br> 11.03%\* |
| 14 | &nbsp;&nbsp; TYPE OF REPORTING PERSON<br> IA | &nbsp;&nbsp; TYPE OF REPORTING PERSON<br> IA | &nbsp;&nbsp; TYPE OF REPORTING PERSON<br> IA |

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\* Based on information set forth on the 10-K of Neuronetics, Inc. , (the "Company", "Registrant", or "STIM") as filed with the Securities and Exchange Commission on March 7, 2023, there were 28,363,420 shares of Common Stock par value $0.01 per share (the "Shares"), of the Company issued and outstanding as of March 1, 2023.

&nbsp;&nbsp;&nbsp;&nbsp; As of March 22, 2023 (the "Reporting Date"), Tristan Partners, L.P. ("Tristan"), the Tristan Offshore Fund Ltd. ("Tristan Offshore"), Tonga Partners, L.P. ("Tonga") and sundry separately-managed accounts ("Cannell SMAs") (collectively, the "Investment Vehicles"), over which J. Carlo Cannell has investment discretion held in the aggregate 3,127,819 Shares.

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| **CUSIP No. 64131A105** | **Page 3 of 8 Pages** |

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|:---|:---|:---|:---|
| 1 | &nbsp;&nbsp; NAMES OF REPORTING PERSONS<br> I.R.S. Identification Nos. of above persons (entities only)<br> J. Carlo Cannell | &nbsp;&nbsp; NAMES OF REPORTING PERSONS<br> I.R.S. Identification Nos. of above persons (entities only)<br> J. Carlo Cannell | &nbsp;&nbsp; NAMES OF REPORTING PERSONS<br> I.R.S. Identification Nos. of above persons (entities only)<br> J. Carlo Cannell |
| 2 | &nbsp;&nbsp; CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br> (a) ☐ <br> (b) ☐ | &nbsp;&nbsp; CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br> (a) ☐ <br> (b) ☐ | &nbsp;&nbsp; CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP<br> (a) ☐ <br> (b) ☐ |
| 3 | &nbsp;&nbsp; SEC USE ONLY | &nbsp;&nbsp; SEC USE ONLY | &nbsp;&nbsp; SEC USE ONLY |
| 4 | &nbsp;&nbsp; SOURCE OF FUNDS<br> (see instructions)<br> WC/OO | &nbsp;&nbsp; SOURCE OF FUNDS<br> (see instructions)<br> WC/OO | &nbsp;&nbsp; SOURCE OF FUNDS<br> (see instructions)<br> WC/OO |
| 5 | &nbsp;&nbsp; CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) ☐ or 2(e) ☐  | &nbsp;&nbsp; CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) ☐ or 2(e) ☐  | &nbsp;&nbsp; CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) ☐ or 2(e) ☐  |
| 6 | &nbsp;&nbsp; CITIZENSHIP OR PLACE OF ORGANIZATION<br> USA | &nbsp;&nbsp; CITIZENSHIP OR PLACE OF ORGANIZATION<br> USA | &nbsp;&nbsp; CITIZENSHIP OR PLACE OF ORGANIZATION<br> USA |
| NUMBER OF SHARES<br> BENEFICIALLY OWNED BY<br> EACH REPORTING <br> PERSON WITH | NUMBER OF SHARES<br> BENEFICIALLY OWNED BY<br> EACH REPORTING <br> PERSON WITH | 7 | &nbsp;&nbsp; SOLE VOTING POWER\*<br> 3,127,819 |
| NUMBER OF SHARES<br> BENEFICIALLY OWNED BY<br> EACH REPORTING <br> PERSON WITH | NUMBER OF SHARES<br> BENEFICIALLY OWNED BY<br> EACH REPORTING <br> PERSON WITH | 8 | &nbsp;&nbsp; SHARED VOTING POWER<br> 0 |
| NUMBER OF SHARES<br> BENEFICIALLY OWNED BY<br> EACH REPORTING <br> PERSON WITH | NUMBER OF SHARES<br> BENEFICIALLY OWNED BY<br> EACH REPORTING <br> PERSON WITH | 9 | &nbsp;&nbsp; SOLE DISPOSITIVE POWER\*<br> 3,127,819 |
| NUMBER OF SHARES<br> BENEFICIALLY OWNED BY<br> EACH REPORTING <br> PERSON WITH | NUMBER OF SHARES<br> BENEFICIALLY OWNED BY<br> EACH REPORTING <br> PERSON WITH | 10 | &nbsp;&nbsp; SHARED DISPOSITIVE POWER<br> 0 |
| 11 | &nbsp;&nbsp; AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 3,127,819 | &nbsp;&nbsp; AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 3,127,819 | &nbsp;&nbsp; AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br> 3,127,819 |
| 12 | &nbsp;&nbsp; CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐<br> (see instructions) | &nbsp;&nbsp; CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐<br> (see instructions) | &nbsp;&nbsp; CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ☐<br> (see instructions) |
| 13 | &nbsp;&nbsp; PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11<br> 11.03%\* | &nbsp;&nbsp; PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11<br> 11.03%\* | &nbsp;&nbsp; PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11<br> 11.03%\* |
| 14 | &nbsp;&nbsp; TYPE OF REPORTING PERSON<br> IN | &nbsp;&nbsp; TYPE OF REPORTING PERSON<br> IN | &nbsp;&nbsp; TYPE OF REPORTING PERSON<br> IN |

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\* Based on information set forth on the Form 10-K of Company as filed with the Securities and Exchange Commission on March 7, 2023, there were 28,363,420 shares of Common Stock par value $0.01 per Share of Company issued and outstanding as of March 1, 2023.

&nbsp;&nbsp;&nbsp;&nbsp; As of Reporting Date the Investment Vehicles held in the aggregate 3,127,819 Shares.

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|:---|:---|
| **CUSIP No. 64131A105** | **Page 4 of 8 Pages** |

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&nbsp;&nbsp;&nbsp;&nbsp; Cannell Capital LLC acts as the investment adviser to Tonga, Tristan, and Tristan Offshore and the investment advisor to sundry separately-managed accounts. Mr. J. Carlo Cannell is the sole managing member of Cannell Capital LLC. The Reporting Person possesses the sole power to vote and to direct the disposition of the Shares held by the Investment Vehicles.

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| | |
|:---|:---|
| <BORDER_TOP> | <BORDER_TOP>.2 |
| **Item 1. Security and Issuer** | **Item 1. Security and Issuer** |
|  | The title of the class of equity securities to which this Schedule 13D relates is the Common Stock par value $0.01 per share of Neuronetics, Inc. , a Delaware corporation. <br> The address of the principal executive offices of the Company is 3222 Phoenixville Pike, Malvern, PA 19355. |
| **Item 2. Identity and Background** | **Item 2. Identity and Background** |
| a) | &nbsp;&nbsp;&nbsp; The name of the Reporting Person is J. Carlo Cannell (the "Reporting Person"). <br> The Reporting Person is the sole managing member of Cannell Capital LLC and investment adviser to the following entities: <br> Tristan Partners, L.P. <br> Tristan Offshore Fund, Ltd. <br> Tonga Partners, L.P. <br> Separately-Managed Accounts <br> Set forth in the attached Annex "A" and incorporated herein by reference is a listing of the directors, general partners, managing members and controlling persons of the Reporting Person and the Investment Vehicles (collectively, the "Covered Persons"), and sets forth the principal occupation, citizenship and principal place of business of each Covered Person.  |
| b) | &nbsp;&nbsp;&nbsp; The principal business address of the Reporting Person is: <br> 245 Meriwether Circle <br> Alta, WY 83414  |
| c) | The principal business of the Reporting Person is the performance of investment management and advisory services. The principal business of the Investment Vehicles is investment in securities.  |
| d) | Neither the Reporting Person, nor to the best of its knowledge, any of the Investment Vehicles, has, in the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).  |
| e) | Neither the Reporting Person, nor to the best of its knowledge, any of the Investment Vehicles, has, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgement, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violations with respect to such laws.  |
| f) | The place of organization of the Reporting Person is as follows: <br> The citizenship of each Covered Person is set forth on the attached Annex A and incorporated herein by reference. <br> Mr. J. Carlo Cannell is the Managing Member of Cannell Capital LLC, a Wyoming limited liability company.  |
| **Item 3. Source and Amount of Funds or Other Consideration** | **Item 3. Source and Amount of Funds or Other Consideration** |
|  | &nbsp;&nbsp;&nbsp; The securities to which this statement relates were acquired by the Reporting Person using the working capital of each Investment Vehicle as follows: <br> Tristan Partners, L.P.: $10,446,535 <br> Tristan Offshore Fund, Ltd.: $4,475,436 <br> Tonga Partners, L.P.: $2,551,387 <br> Separately-Managed Accounts: $5,256,357 <br> The Investment Vehicles have invested an aggregate amount of approximately $22,729,715 in the Shares.  |

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| **CUSIP No. 64131A105** | **Page 5 of 8 Pages** |

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|:---|:---|:---|:---|:---|
| <BORDER_TOP>.3 | <BORDER_TOP>.4 | <BORDER_TOP>.5 | <BORDER_TOP>.6 | <BORDER_TOP>.8 |
| **Item 4. Purpose of Transaction** | **Item 4. Purpose of Transaction** | **Item 4. Purpose of Transaction** | **Item 4. Purpose of Transaction** | **Item 4. Purpose of Transaction** |
| **Item 5. Interest in Securities of the Issuer** | **Item 5. Interest in Securities of the Issuer** | **Item 5. Interest in Securities of the Issuer** | **Item 5. Interest in Securities of the Issuer** | **Item 5. Interest in Securities of the Issuer** |
| Based on information set forth in the Company's Form 10-K as filed with the Securities and Exchange Commission on March 7, 2023, there were 28,363,420 Common Shares issued and outstanding as of March 1, 2023. <br> &nbsp;&nbsp;&nbsp;&nbsp; (a) As of the Reporting Date, for the purposes of Reg. Section 240.13d-3, Cannell Capital LLC may be deemed to beneficially own 3,127,819 Shares, or approximately 11.03% of the Shares deemed issued and outstanding as of the Reporting Date. <br> &nbsp;&nbsp;&nbsp;&nbsp; (b) Cannell Capital LLC possesses the sole power to vote and to direct the disposition of the Shares held by the Investment Vehicles. <br> &nbsp;&nbsp;&nbsp;&nbsp; (c) The following table details the transactions during the sixty days on or prior to the Reporting Date in Shares, or securities convertible into, exercisable for or exchangeable for Shares, by Cannell Capital LLC or any other person or entity controlled by him or any person or entity for which he possesses voting or investment control over the securities thereof (each of which was effected in an ordinary brokerage transaction by Cannell Capital LLC on behalf of the Investment Vehicles) and which were not previously disclosed in a prior Amendment.  | Based on information set forth in the Company's Form 10-K as filed with the Securities and Exchange Commission on March 7, 2023, there were 28,363,420 Common Shares issued and outstanding as of March 1, 2023. <br> &nbsp;&nbsp;&nbsp;&nbsp; (a) As of the Reporting Date, for the purposes of Reg. Section 240.13d-3, Cannell Capital LLC may be deemed to beneficially own 3,127,819 Shares, or approximately 11.03% of the Shares deemed issued and outstanding as of the Reporting Date. <br> &nbsp;&nbsp;&nbsp;&nbsp; (b) Cannell Capital LLC possesses the sole power to vote and to direct the disposition of the Shares held by the Investment Vehicles. <br> &nbsp;&nbsp;&nbsp;&nbsp; (c) The following table details the transactions during the sixty days on or prior to the Reporting Date in Shares, or securities convertible into, exercisable for or exchangeable for Shares, by Cannell Capital LLC or any other person or entity controlled by him or any person or entity for which he possesses voting or investment control over the securities thereof (each of which was effected in an ordinary brokerage transaction by Cannell Capital LLC on behalf of the Investment Vehicles) and which were not previously disclosed in a prior Amendment.  | Based on information set forth in the Company's Form 10-K as filed with the Securities and Exchange Commission on March 7, 2023, there were 28,363,420 Common Shares issued and outstanding as of March 1, 2023. <br> &nbsp;&nbsp;&nbsp;&nbsp; (a) As of the Reporting Date, for the purposes of Reg. Section 240.13d-3, Cannell Capital LLC may be deemed to beneficially own 3,127,819 Shares, or approximately 11.03% of the Shares deemed issued and outstanding as of the Reporting Date. <br> &nbsp;&nbsp;&nbsp;&nbsp; (b) Cannell Capital LLC possesses the sole power to vote and to direct the disposition of the Shares held by the Investment Vehicles. <br> &nbsp;&nbsp;&nbsp;&nbsp; (c) The following table details the transactions during the sixty days on or prior to the Reporting Date in Shares, or securities convertible into, exercisable for or exchangeable for Shares, by Cannell Capital LLC or any other person or entity controlled by him or any person or entity for which he possesses voting or investment control over the securities thereof (each of which was effected in an ordinary brokerage transaction by Cannell Capital LLC on behalf of the Investment Vehicles) and which were not previously disclosed in a prior Amendment.  | Based on information set forth in the Company's Form 10-K as filed with the Securities and Exchange Commission on March 7, 2023, there were 28,363,420 Common Shares issued and outstanding as of March 1, 2023. <br> &nbsp;&nbsp;&nbsp;&nbsp; (a) As of the Reporting Date, for the purposes of Reg. Section 240.13d-3, Cannell Capital LLC may be deemed to beneficially own 3,127,819 Shares, or approximately 11.03% of the Shares deemed issued and outstanding as of the Reporting Date. <br> &nbsp;&nbsp;&nbsp;&nbsp; (b) Cannell Capital LLC possesses the sole power to vote and to direct the disposition of the Shares held by the Investment Vehicles. <br> &nbsp;&nbsp;&nbsp;&nbsp; (c) The following table details the transactions during the sixty days on or prior to the Reporting Date in Shares, or securities convertible into, exercisable for or exchangeable for Shares, by Cannell Capital LLC or any other person or entity controlled by him or any person or entity for which he possesses voting or investment control over the securities thereof (each of which was effected in an ordinary brokerage transaction by Cannell Capital LLC on behalf of the Investment Vehicles) and which were not previously disclosed in a prior Amendment.  | Based on information set forth in the Company's Form 10-K as filed with the Securities and Exchange Commission on March 7, 2023, there were 28,363,420 Common Shares issued and outstanding as of March 1, 2023. <br> &nbsp;&nbsp;&nbsp;&nbsp; (a) As of the Reporting Date, for the purposes of Reg. Section 240.13d-3, Cannell Capital LLC may be deemed to beneficially own 3,127,819 Shares, or approximately 11.03% of the Shares deemed issued and outstanding as of the Reporting Date. <br> &nbsp;&nbsp;&nbsp;&nbsp; (b) Cannell Capital LLC possesses the sole power to vote and to direct the disposition of the Shares held by the Investment Vehicles. <br> &nbsp;&nbsp;&nbsp;&nbsp; (c) The following table details the transactions during the sixty days on or prior to the Reporting Date in Shares, or securities convertible into, exercisable for or exchangeable for Shares, by Cannell Capital LLC or any other person or entity controlled by him or any person or entity for which he possesses voting or investment control over the securities thereof (each of which was effected in an ordinary brokerage transaction by Cannell Capital LLC on behalf of the Investment Vehicles) and which were not previously disclosed in a prior Amendment.  |
| **Entity** | **Date** | **Quantity** | **Price Per Share**  | **Form Of Transaction**  |
| Tonga | 03/07/2023 | 2129 | 4.71 | Sell |
| Tristan | 03/07/2023 | 3129 | 4.71 | Sell |
| Tristan Offshore | 03/07/2023 | 1343 | 4.71 | Sell |
| SMAs | 03/07/2023 | 1145 | 4.71 | Sell |
| Tristan | 03/13/2023 | 47832 | 2.98 | Buy |
| Tristan Offshore | 03/13/2023 | 20521 | 2.98 | Buy |
| SMAs | 03/13/2023 | 5158 | 2.98 | Buy |
| Tristan | 03/13/2023 | 40999 | 2.95 | Buy |
| Tristan Offshore | 03/13/2023 | 17589 | 2.95 | Buy |
| SMAs | 03/13/2023 | 4421 | 2.95 | Buy |
| Tristan | 03/16/2023 | 33883 | 2.90 | Buy |
| Tristan Offshore | 03/16/2023 | 14536 | 2.90 | Buy |
| SMAs | 03/16/2023 | 3653 | 2.90 | Buy |
| Tristan | 03/17/2023 | 4974 | 2.89 | Buy |
| Tristan Offshore | 03/17/2023 | 2134 | 2.89 | Buy |
| SMAs | 03/17/2023 | 536 | 2.89 | Buy |

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| **CUSIP No. 846517100** | **Page 6 of 8 Pages** |

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 **SIGNATURE** 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: March 22, 2023

Cannell Capital LLC <br> <u>By: /s/ J. Carlo Cannell</u> <br> Name: J. Carlo Cannell <br> Title: Managing Member <br>

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| **CUSIP No. 64131A105** | **Page 7 of 8 Pages** |

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 **Annex "A"** 

 **MANAGERS AND GENERAL PARTNERS OF THE REPORTING PERSON AND THE INVESTMENT VEHICLES** 

 **The following sets forth the name, principal occupation, citizenship or jurisdiction of organization and principal place of business of the directors, general partners, managing members or controlling persons of the Reporting Person and the Investment Vehicles (the "Covered Persons") indicated below:** 

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| | |
|:---|:---|
| **J. Carlo Cannell** |  |
| Name: <br> Title or Relationship with Reporting Person: <br> Principal Occupation or Employment: <br> Citizenship or Jurisdiction of Organization: <br> Principal Place of Business:  | J. Carlo Cannell <br> Managing Member <br> Investment Management <br> Wyoming, United States <br> (1)  |
| **Cannell Capital LLC** |  |
| Name: <br> Title or Relationship with Reporting Person: <br> Principal Occupation or Employment: <br> Citizenship or Jurisdiction of Organization: <br> Principal Place of Business:  | J. Carlo Cannell <br> Managing Member <br> Investment Management <br> Wyoming, United States <br> (1)  |
| **Tristan Partners, L.P.** |  |
| Name: <br> Title or Relationship with Reporting Person: <br> Principal Occupation or Employment: <br> Citizenship or Jurisdiction of Organization: <br> Principal Place of Business:  | Cannell Capital LLC <br> Investment Adviser and General Partner <br> Investment Management <br> Wyoming, United States <br> (1)  |
| **Tristan Offshore Fund, Ltd.** |  |
| Name: <br> Title or Relationship with Reporting Person: <br> Principal Occupation or Employment: <br> Citizenship or Jurisdiction of Organization: <br> Principal Place of Business:  | Cannell Capital LLC <br> Investment Adviser <br> Investment Management <br> Cayman Islands <br> (2)  |
| **Tonga Partners, L.P.** |  |
| Name: <br> Title or Relationship with Reporting Person: <br> Principal Occupation or Employment: <br> Citizenship or Jurisdiction of Organization: <br> Principal Place of Business:  | Cannell Capital LLC <br> Investment Adviser and General Partner <br> Investment Management <br> Wyoming, United States <br> (1)  |

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| **CUSIP No. 64131A105** | **Page 8 of 8 Pages** |

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 **Annex "B"** 

 **Agreement Regarding the Joint Filing of Schedule 13D** 

1) Each of them is individually eligible to use the Schedule 13D to which this Exhibit is attached, and such Schedule 13D is filed on behalf each of them;

2) Each of them is responsible for the timely filing of such Schedule 13D and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate.

Dated: March 22, 2023

 <u>By: /s/ J. Carlo Cannell</u> <br> Name: J. Carlo Cannell <br>

<br> Cannell Capital LLC <br> <u>By: /s/ J. Carlo Cannell</u> <br> Name: J. Carlo Cannell <br> Title: Managing Member <br>