Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Linda L. Singh resigned as Director at FIREFLY NEUROSCIENCE, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
On March 20, 2023, Linda L. Singh resigned from the board of the Company.
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
FIREFLY NEUROSCIENCE, INC. completed a disposition involving Gray Matters Data Corp. (closed 2023-03-17).
- Action
- disposition
- Counterparty
- Gray Matters Data Corp.
- Closing
- 2023-03-17
Exact text from the filing
On March 17, 2023, WaveDancer, Inc. (the “Company”) entered into and closed a Stock Purchase Agreement with Gray Matters Data Corp. (“GMDC”), a company newly formed by StealthPoint LLC, a San Francisco based venture fund, under which the Company sold all of the shares of its subsidiary, Gray Matters, Inc.
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Restructurings & Charges
SEC 8-K Item 2.05/2.06
confidence 0.9
FIREFLY NEUROSCIENCE, INC. announced a impairment with charges of from $7,800,000 to $8,200,000 affecting Gray Matters, Inc..
- Type
- impairment
- Charge
- from $7,800,000 to $8,200,000
- Affected area
- Gray Matters, Inc.
Exact text from the filing
Item 2.06 Material Impairment In connection with the Company’s audit process for the fiscal year ended December 31, 2022 and the proposed terms of the prospective transaction regarding Gray Matters, Inc., the Company’s chief financial officer concluded that a material charge is required relating to the assets of Gray Matters, Inc., consisting of goodwill, intangible assets, capitalized software costs and right of use assets. The Company anticipates the impairment charge will approximate from $7,800,000 to $8,200,000.
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