other material
confidence high
sentiment neutral
materiality 0.60
Firefly Neuroscience raises $2.25M in private placement; potential additional $18M
FIREFLY NEUROSCIENCE, INC.
- Issued 1.5M units at $1.50/unit to accredited investors for $2.25M in initial closing.
- Investors have option to purchase up to $18M additional units within 30 days.
- Each unit includes one share (or prefunded warrant) and two 5-year warrants at $1.88 and $2.50 exercise prices.
- Lock-up agreement restricts transfer for 6 months, then gradual release over next 6 months.
- Proceeds for general corporate/working capital; resale registration to be filed by April 15, 2026.