Brain Scientific Inc. (OTCPK:BRSF) executed a Letter of Intent to acquire IMAC Holdings, Inc. (NasdaqCM:BACK) on March 20, 2023. Brain Scientific Inc. and IMAC Holdings, Inc. will be combined in a strategic merger-of-equals transaction. Hassan Kotob, Chief Executive Officer of Brain Scientific, is expected to serve as Chairman and Chief Executive Officer of the combined company.

Joseph Gunnar & Co., LLC is serving as the exclusive financial advisor to IMAC and Brain Scientific in connection with the Transaction. Olshan Frome Wolosky LLP is serving as legal counsel for IMAC, and Lucosky Brookman LLP is serving as legal counsel for Brain Scientific.