Sonendo, Inc., a leading dental technology company and developer of the GentleWave® System, today announced the pricing of its initial public offering of 7,800,000 shares of its common stock at a public offering price of $12.00 per share, for total gross proceeds of $93.6 million, before deducting underwriting discounts and commissions and estimated offering expenses. All of the shares are being offered and sold by Sonendo. Sonendo’s common stock is expected to begin trading on the New York Stock Exchange on October 29, 2021, under the ticker symbol "SONX." The offering is expected to close on November 2, 2021, subject to the satisfaction of customary closing conditions. In addition, Sonendo has granted the underwriters a 30-day option to purchase up to an additional 1,170,000 shares of common stock at the initial public offering price, less the underwriting discounts and commissions.

BofA Securities, Goldman Sachs & Co. LLC and Piper Sandler & Co. are acting as joint lead book-running managers and as representatives for the proposed offering. Stifel, Nicolaus & Company, Incorporated is also acting as book-running manager for the proposed offering.

The offering will be made only by means of a prospectus. Copies of the preliminary prospectus relating to this offering, when available, may be obtained from: BofA Securities, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attn: Prospectus Department or by email at dg.prospectus_requests@bofa.com; Goldman Sachs & Co. LLC, 200 West Street, New York, NY 10282, Attn: Prospectus Department or by email at prospectus-ny@ny.email.gs.com; or Piper Sandler & Co., 800 Nicollet Mall, J12S03, Minneapolis, MN 55402, Attn: Prospectus Department or by email at prospectus@psc.com.

A registration statement relating to the shares being sold in this offering was declared effective by the U.S. Securities and Exchange Commission on October 28, 2021. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, 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 the registration or qualification under the securities laws of any such state or jurisdiction.