Aditxt, Inc. Acquires Proprietary Electroencephalography (EEG) Brain Monitoring Technologies and Devices, Including NeuroCap™ and NeuroEEG™ for Telehealth and Tele-neurology Applications
Acquiring Company
Aditxt
Acquired Company
BRAIN SCIENTIFIC
RichmondSarasotaBiotechnologyHealth CareOtherBiotechnologyCommerce and ShoppingMedical Equipment ManufacturingDescription
Aditxt, Inc. has announced the acquisition of a portfolio of EEG brain monitoring technologies and devices formerly owned by Brain Scientific, Inc. This strategic acquisition will enable Aditxt to expand its subsidiary, Pearsanta, Inc.'s capabilities to encompass a broader range of innovative solutions, offering enhanced neurological diagnostics and monitoring. The acquisition involved the issuance of 6,000 shares of its newly designated Series B-1 Convertible Preferred Stock with an aggregate stated value of $6 million to the secured creditors, and 2,625 shares of its newly designated Series B-2 Convertible Preferred Stock with an aggregate stated value of $2.625 million to another secured creditor.
Quick answer
Aditxt is acquiring BRAIN SCIENTIFIC, announced January 30, 2024. Aditxt is based in Richmond, Virginia, United States.
- How much did Aditxt pay for BRAIN SCIENTIFIC?
- The deal value was not disclosed.
- What does Aditxt do?
- Aditxt is developing technologies specifically focused on improving the health of the immune system through immune monitoring and reprogramming.
- Where are Aditxt and BRAIN SCIENTIFIC based?
- Aditxt is based in Richmond, Virginia, United States. BRAIN SCIENTIFIC is based in Sarasota, Florida, United States.
- Who are the decision-makers at Aditxt?
- Fundz holds 1 contact at Aditxt. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired BRAIN SCIENTIFIC?
BRAIN SCIENTIFIC was acquired by Aditxt, based in Richmond. The deal was reported on January 30, 2024. Aditxt is developing technologies specifically focused on improving the health of the immune system through immune monitoring and reprogramming. Aditxt is privately held and operates in Biotechnology.
When did Aditxt acquire BRAIN SCIENTIFIC?
Aditxt's acquisition of BRAIN SCIENTIFIC was reported on January 30, 2024. Aditxt, Inc. has announced the acquisition of a portfolio of EEG brain monitoring technologies and devices formerly owned by Brain Scientific, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does BRAIN SCIENTIFIC do?
Brain Scientific (OTCQB: BRSF) is a collective of interdisciplinary technology companies with several commercial-stage products that serve the MedTech and other billion-dollar markets led by experienced management with proven success. It is privately held, operating in Other, and is based in Sarasota.
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