Sign In  |  Register  |  About San Anselmo  |  Contact Us

San Anselmo, CA
September 01, 2020 1:33pm
7-Day Forecast | Traffic
  • Search Hotels in San Anselmo

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

InvestorNewsBreaks – Brain Scientific Inc. (BRSF), IMAC Execute Strategic ‘Merger-of-Equals’ LOI

Brain Scientific (OTCQB: BRSF), a Florida-based applied science technology company, and IMAC Holdings (NASDAQ: BACK), a regenerative rehabilitation company focused on treating musculoskeletal and neurodegenerative disease, have executed a binding letter of intent (“LOI”) to combine companies in a strategic merger-of-equals. The agreement calls for the two companies to provide patients with end-to-end neurological solutions by combining Brain Scientific’s diagnostic and motion technologies and IMAC’s regenerative rehabilitation medical services. According to the announcement, the companies anticipate that Brain Scientific CEO Hassan Kotob will serve as chairman and CEO of the combined company. IMAC is made of two business segments — outpatient medical centers and a clinical research division; the research division is involved in a phase I clinical trial evaluating a mesenchymal stem cell therapy candidate for bradykinesia due to Parkinson’s disease. Brain Scientific has more than 24 patents and offers its proprietary disposable NeuroCap and portable NeuroEEG designed to enable neurologists to save time, see more patients and eliminate contamination risks. “At Brain Scientific, we are accelerating the time to prep, test, and read EEG studies anytime, and are finally bringing EEG testing to remote locations and in the field,” said Brain Scientific CEO Hassan Kotob in the press release. “We believe that a Brain Scientific and IMAC merger would allow us to accelerate our growth and expand into new channels and markets to provide those suffering from neurological disorders with the best care possible.”

To view the full press release, visit https://ibn.fm/LFW7U

About Brain Scientific Inc.

Brain Scientific is an applied sciences technology company with multiple patents and FDA-cleared products. Brain Scientific is committed to developing next-gen solutions that advance the future of medical and OEM devices. Brain Scientific has two product lines covering neurology and precision motion. The NeuroCap(TM) and NeuroEEG(TM) are smart neurological diagnostic devices that simplify administration, shorten scan time and cut costs. The Piezo Motion product line consists of ultraefficient compact precision motors that will drive the next generation of OEM devices. To learn more about the company, visit www.BrainScientific.com.

NOTE TO INVESTORS: The latest news and updates relating to BRSF are available in the company’s newsroom at https://ibn.fm/BRSF

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit https://www.InvestorWire.com

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.InvestorWire.com
Editor@InvestorWire.com

InvestorWire is part of the InvestorBrandNetwork

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 SanAnselmo.com & California Media Partners, LLC. All rights reserved.