Brain Scientific (OTCQB: BRSF), a leader in the medical technology market, today announced business highlights and financial results for the third quarter ended Sept. 30, 2021. Among the highlights, the company reported its completed merger with Piezo Motion, the appointment of Hassan Kotob as CEO of the combined company, as well as the raising of $5 million, inclusive of bridge financing, since the signing of the merger agreement. “I’m very pleased with the fast pace of post-merger integration of Brian Scientific and Piezo Motion,” Kotob said in the news release. “Since closing a little over 30 days ago, we’ve added three independent board members, completed product upgrades and advanced distribution partnerships for our neurology and Piezo offerings. In pursuit of maximizing shareholder value, we’ll continue to execute on growth momentum in company structure, product evolution and channel sales evolution.”
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About Brain Scientific
As a commercial-stage medical technology company with multiple patents and FDA-cleared products, Brain Scientific is committed to developing next-gen solutions that advance the future of neurodiagnostic and OEM medical devices. Brain Scientific has two product lines covering neurology and precision motion. The NeuroCap and NeuroEEG are smart neurological diagnostic devices that simplify administration, shorten scan time and cut costs. The Piezo Motion product line consists of ultra-efficient compact precision motors that will drive the next generation of medical devices. To learn more about Brain Scientific’s corporate strategy, products or investor relations, please 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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