BrainsWay Ltd. (NASDAQ & TASE: BWAY) ("BrainsWay" or the "Company"), a global leader in advanced noninvasive neurostimulation treatments for mental health disorders, today announced its participation in a strategic equity financing round with Sound Minds Behavioral, a leading growth-oriented outpatient behavioral health platform with multiple locations throughout Connecticut, Pennsylvania, New Jersey and New York ("Sound Minds Behavioral" or "Sound Minds"). Under the terms of the agreement, BrainsWay will invest $500,000 for a minority position in Sound Minds in the form of a preferred, annually compounding security.
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