Brainsway enters two minority stake investments in mental health providers

BrainsWay (BWAY) entered into two additional minority stake strategic investments, including an equity financing agreement with Tangient ATX Inc., a management services organization servicing the rapidly growing “Heading Health” mental health clinic network with multiple sites throughout Texas. Under the terms of the Heading Health agreement, BrainsWay will invest $1.5M initially, with potential for up to an additional $2.5M via three equal milestone-based investments. BrainsWay will receive a minority position in Heading Health in the form of a preferred, annually compounding security. The agreement also provides for a redemption mechanism relating to the shares. In addition to the transaction with Heading Health, BrainsWay recently entered into a smaller investment agreement with a rapidly growing east-coast based mental health provider. The closing of these two transactions brings the total number of strategic minority investments completed by BrainsWay in 2025 to four.