Brain Scientific (OTCQB: BRSF), a neurology-focused medical device and software company, has completed its merger with Piezo Motion Corp., a leading innovator of high-precision motion technology. The merger, which brings together the two teams with an objective of solving challenges using machine learning in the physical and social science markets, had been announced previously. With the merger, which involved Brain Scientific acquiring 100% of Piezo Motion’s outstanding shares, the combined company is expected to expand both its market reach and ability to bring new disruptive products to the market. According to the announcement, Hassan Kotob was named CEO and chair of the combined company. “We are very excited about this transformative transaction,” said Kotob in the press release. “The trends in teleneurology and personalized health data, which we believe Brain Scientific’s products are ideal for, continue to fuel growth in the EEG market. We further believe that the growing needs in robotic surgery and wearable drug dispensers will drive demand for Piezo Motion’s solutions. With this merger we hope to unlock many new opportunities to meet the evolving needs of patients. . . . From the capital market standpoint, we expect the merger between our companies will unlock the potential to gain access to major institutional capital and serve as an ideal platform for the company’s transition to NASDAQ or NYSE.”
To view the full press release, visit https://ibn.fm/sXBt6
About Brain Scientific Inc.
Brain Scientific is a commercial-stage healthcare company with two FDA-cleared products, providing next-gen solutions to the neurology market. The company’s smart diagnostic devices and sensors simplify administration, shorten scan time and cut costs, allowing clinicians to make rapid decisions remotely and bridge the widening gap in access to neurological care. 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
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