other material
confidence high
sentiment neutral
materiality 0.70
Firefly raises up to $12.4M via convertible note and ELOC; CMO resigns
FIREFLY NEUROSCIENCE, INC.
- $2.4M convertible note with Helena Special Opportunities at $3.00/share; net proceeds $2.04M after OID.
- Warrant issued to Helena for 800k shares at $4.00 exercise price.
- $10M ELOC with Arena at 88% of VWAP; 36-month term; $300k commitment fee.
- CMO Samer Kaba resigned effective Dec 20, no disagreement over policies.