Scientific Learning Corporation (OTCPK:SCIL) announced that it has signed a binding purchase agreement to issue 2,864,000 shares at a price of $0.625 per share for gross proceeds of $1,790,000 on January 12, 2018. The transaction will include participation from management team and board of directors of the company, founder and Chief Executive Officer of BrainMaps, company's international partners, and company's largest shareholder. The transaction is expected to close before the end of January 2018.