Press Release March 11, 2021

Capital Markets Team Represents Initial Purchasers and Dealers on Cutera, Inc’s $138.25 Million 2.25% Convertible Senior Notes and Capped Call

The Capital Markets team advised the initial purchasers on Cutera, Inc.’s (Nasdaq: CUTR) Rule 144A offering of 2.25% Convertible Senior Notes due 2026. The initial conversion price of the notes features a premium of approximately 27.5% up from the reference price of $26.02 per share. In connection with the offering, Cutera, Inc. and certain investment bank dealers entered into capped call transactions, which mitigate equity dilution and/or offset payments due upon conversion of the notes and effectively raise the conversion price of the notes to approximately $45.54 per share, a 75% premium over the reference price.

Cutera Inc. develops, manufactures, distributes, and markets energy-based product platforms for use by physicians and other qualified practitioners.

Goodwin’s team consisted of Jim Barri, John Servidio, Thomas Levato, Benjamin Drai, and Patrick Wilson. Daniel Karelitz and Garrett Gaughan provided tax advice.

For more information, please see the Cutera Inc.’s pricing press release for the offering.