Brainsway Ltd. (BRIN) Files $30M IPO

April 11, 2011 4:48 PM EDT
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Brainsway Limited (Nasdaq: BRIN) filed a registration with the U.S. Securities and Exchange Commission for an Initial Public Offering of its Ordinary Shares. The proposed maximum offering amount is $30 million. Brainsway filed to list on the Nasdaq Capital Market under the ticker "BRIN."

The offering is being made through Roth Capital Partners and Maxim Group, LLC.

Brainsway is a medical device company dedicated to the development and commercialization of our Deep Transcranial Magnetic Stimulation, or Deep TMS, system.

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