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Brainsway announces $1.5M investment in APS Innovations

BrainsWay (BWAY) announced it has entered into a strategic equity financing agreement with APS Innovations, the parent company of Advanced Psychiatric Management, a management services organization servicing multiple mental health clinics in the greater Chicago area. Under the terms of the agreement, BrainsWay will invest $1.5M initially, with potential for an additional $1.5M via milestone-based investments, for a minority position in Hopemark in the form of a preferred, annually compounding security. The agreement also provides for a redemption mechanism relating to the shares.

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