BrainsWay Completes Revenue-Based Milestone Investment into Axis Integrated Mental Health

Rhea-AI Summary

BrainsWay (NASDAQ/TASE: BWAY) completed a $1.0 million milestone-based investment in Axis Integrated Mental Health after Axis achieved a predefined revenue milestone under an August 2025 strategic equity financing agreement.

The transaction follows BrainsWay's original $2.3 million equity investment and takes the form of a minority, annually compounding preferred security with a redemption mechanism. BrainsWay said the investment aligns with its strategy to partner with U.S. mental health providers and increase access to care; Axis operates several mental health clinics in Colorado.

Positive

• Completed $1,000,000 milestone-based investment
• Axis achieved a predefined revenue performance milestone
• Follows prior $2,300,000 equity investment
• Supports partnerships to increase access to mental health care

Negative

• Investment is a minority position, limiting BrainsWay control
• Security is an annually compounding preferred with redemption terms

News Market Reaction – BWAY

+3.65%

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+3.65% News Effect

On the day this news was published, BWAY gained 3.65%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

BrainsWay’s investment is part of its ongoing strategy to partner with leading U.S. mental health providers to increase access to care

BURLINGTON, Mass. and JERUSALEM, March 19, 2026 (GLOBE NEWSWIRE) -- BrainsWay Ltd. (NASDAQ & TASE: BWAY) (“BrainsWay” or the “Company”), a global leader in advanced noninvasive neurostimulation treatments for mental health disorders, today announced that it has completed a $1 million milestone-based investment in Axis Management Company, Inc. (“Axis Integrated Mental Health” or “Axis”), a management services organization servicing several mental health clinics in Colorado. The investment was made following Axis’s achievement of a predefined revenue performance milestone under the terms of the two companies’ August 2025 strategic equity financing agreement.

“We are excited for the Axis team and their early success in executing a successful growth strategy since our original $2.3 million equity investment. Their rapid achievement of the revenue milestone underscores this program’s ability to identify strong networks such as Axis that can deploy capital effectively to drive growth within the market and increase access to care,” said Hadar Levy, Chief Executive Officer of BrainsWay.

“This is an exciting time for the Axis team, as we continue to meet the goals we set for our growth strategy. The partnership with BrainsWay continues to be a major part of that strategy and is grounded in our shared commitment to delivering the most advanced mental health treatments to the communities we serve,” stated Chris Perez, Chief Executive Officer of Axis.

Under the terms of the agreement, BrainsWay holds a minority position in Axis in the form of a preferred, annually compounding security. The agreement also provides for a redemption mechanism relating to the shares.

About BrainsWay

BrainsWay is a global leader in advanced noninvasive neurostimulation treatments for mental health disorders. The Company is advancing neuroscience with its proprietary Deep Transcranial Magnetic Stimulation (Deep TMS™) platform technology to improve health and transform lives. BrainsWay is the first and only TMS company to obtain three FDA-cleared indications backed by pivotal clinical studies demonstrating clinically proven efficacy. Current indications include major depressive disorder (including reduction of anxiety symptoms, commonly referred to as anxious depression), obsessive-compulsive disorder, and smoking addiction. The Company is dedicated to leading through superior science and building on its unparalleled body of clinical evidence. Additional clinical trials of Deep TMS in various psychiatric, neurological, and addiction disorders are underway. Founded in 2003, with operations in the United States and Israel, BrainsWay is committed to increasing global awareness of and broad access to Deep TMS. For the latest news and information about BrainsWay, please visit www.brainsway.com.

About Axis

Axis Integrated Mental Health services its leading mental health practices, which are dedicated to transforming lives through a truly comprehensive, integrative model of care. With a team of board-certified specialists combining modern psychiatry and psychotherapy with advanced treatments including Deep TMS™ and Spravato®, Axis utilizes an evidence-based, holistic therapeutic approach to treat patients, all through a single, coordinated care experience under one roof.

For more information, please visit axismh.com.

Forward-Looking Statement

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words, and also includes any financial guidance and projections contained herein. These forward-looking statements and their implications are based on the current expectations of the management of the Company only and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In addition, historical results or conclusions from scientific research and clinical studies do not guarantee that future results would suggest similar conclusions or that historical results referred to herein would be interpreted similarly in light of additional research or otherwise. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: the failure of our investments in management services organizations and/or other clinic-related entities to produce profitable returns; inadequacy of financial resources to meet future capital requirements; changes in technology and market requirements; delays or obstacles in launching and/or successfully completing planned studies and clinical trials; failure to obtain approvals by regulatory agencies on the Company’s anticipated timeframe, or at all; inability to retain or attract key employees whose knowledge is essential to the development of Deep TMS products; unforeseen difficulties with Deep TMS products and processes, and/or inability to develop necessary enhancements; unexpected costs related to Deep TMS products; failure to obtain and maintain adequate protection of the Company’s intellectual property, including intellectual property licensed to the Company; the potential for product liability; changes in legislation and applicable rules and regulations; unfavorable market perception and acceptance of Deep TMS technology; inadequate or delays in reimbursement from third-party payers, including insurance companies and Medicare; inability to commercialize Deep TMS, including internationally, by the Company or through third-party distributors; product development by competitors; inability to timely develop and introduce new technologies, products and applications, which could cause the actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements.

Any forward-looking statement in this press release speaks only as of the date of this press release. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission.

Contacts: 
BrainsWay:
Ido Marom
Chief Financial Officer
Ido.Marom@BrainsWay.com

Investors:
Brian Ritchie
LifeSci Advisors LLC
britchie@lifesciadvisors.com

FAQ

What did BrainsWay (BWAY) announce on March 19, 2026 about Axis Integrated Mental Health?

BrainsWay announced completion of a $1.0 million milestone-based investment in Axis after a revenue milestone was met. According to the company, this follows an earlier $2.3 million equity investment and aims to expand access to care.

How is the BrainsWay (BWAY) investment in Axis structured and what security does it hold?

The investment is a minority position held as an annually compounding preferred security with a redemption mechanism. According to the company, those are the agreed terms under the August 2025 equity financing agreement.

Why did BrainsWay (BWAY) make the milestone payment to Axis Integrated Mental Health?

BrainsWay made the payment because Axis achieved a predefined revenue performance milestone under their agreement. According to the company, the milestone validates Axis’s early growth and deployment of capital to expand mental health services.

What operations does Axis Integrated Mental Health run that relate to BrainsWay’s investment?

Axis is a management services organization operating several mental health clinics in Colorado. According to the company, Axis’s clinic network is the focus for deploying treatments and expanding patient access within the partnership.

Does the March 19, 2026 investment change BrainsWay’s ownership level in Axis?

BrainsWay continues to hold a minority position in Axis after the $1.0 million milestone investment. According to the company, the holdings are in the form of preferred securities rather than a controlling equity stake.