{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-007406","form_type":"8-K","ticker":"AIFF","cik":"0000803578","company_name":"FIREFLY NEUROSCIENCE, INC.","filed_at":"2023-03-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.128162+00:00","generated_at":"2026-06-17T22:40:00.348640+00:00","sec_items":["1.01","2.01","2.06","5.02","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"WaveDancer sells GMI subsidiary for $1M cash and 20% stake; records $7.8-8.2M impairment","bullets":["Sold subsidiary Gray Matters to GMDC (StealthPoint-led) for $1M cash, 20% equity interest in buyer, and up to $4M contingent payments over 7 years.","Transaction eliminates over $2M in annual operating expenses from GMI; improves cash flow.","Anticipates material impairment charge of $7.8M to $8.2M for FY2022 related to GMI assets.","Director Linda L. Singh resigned effective March 20, 2023.","WaveDancer retains advisor B. Riley Securities to explore strategic alternatives including merger or sale."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-007406","json":"https://secwatch.observer/filing/0001437749-23-007406.json","markdown":"https://secwatch.observer/filing/0001437749-23-007406.md","text":"https://secwatch.observer/filing/0001437749-23-007406.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/803578/000143774923007406/0001437749-23-007406-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/803578/000143774923007406/iaic20230320_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T22:40:00.348640+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"db54900cc7","claim":"Linda L. Singh resigned as Director at FIREFLY NEUROSCIENCE, INC..","evidence_excerpt":"On March 20, 2023, Linda L. Singh resigned from the board of the Company.","evidence_source":"SEC 8-K Item 5.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/803578/000143774923007406/0001437749-23-007406-index.htm","confidence":0.95,"family_label":"Executive change","details":[{"label":"Action","value":"resigned"},{"label":"Role","value":"Director"}],"fact_type":"executive_change"},{"claim_id":"6e8313ef5ad5d223f36c4c0c760e965f337ae964","claim":"FIREFLY NEUROSCIENCE, INC. completed a disposition involving Gray Matters Data Corp. (closed 2023-03-17).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/803578/000143774923007406/0001437749-23-007406-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"disposition"},{"label":"Counterparty","value":"Gray Matters Data Corp."},{"label":"Closing","value":"2023-03-17"}],"fact_type":"ma_transaction"},{"claim_id":"37a9c8bf0c25a918fbed3c153f8816465434eb39","claim":"FIREFLY NEUROSCIENCE, INC. announced a impairment with charges of from $7,800,000 to $8,200,000 affecting Gray Matters, Inc..","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/803578/000143774923007406/0001437749-23-007406-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"impairment"},{"label":"Charge","value":"from $7,800,000 to $8,200,000"},{"label":"Affected area","value":"Gray Matters, Inc."}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}