BrainsWay Announces Strategic Investment in Sound Minds Behavioral

MT Newswires Live

07/16

BrainsWay (BWAY) invested $500,000 for a minority stake in Sound Minds Behavioral, an outpatient behavioral health platform operating across several US states, the company said Thursday.

The investment was made through a preferred security with an annual compounding feature as part of a strategic equity financing round, the company said.

BrainsWay said the investment will support Sound Minds' growth and expand access to interventional psychiatry solutions while allowing it to continue advancing its neurostimulation technology.

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