---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-012461"
form_type: "8-K"
ticker: "AIFF"
cik: "0000803578"
company_name: "FIREFLY NEUROSCIENCE, INC."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T23:43:24.734153+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# WaveDancer settles Gerald litigation; extinguishes $1.5M obligation, releases 436,481 shares

## Summary
- Settlement resolves Gerald's claims for $150K severance and $1.5M deferred consideration under GMI acquisition.
- Company's counterclaim for damages under Stock Purchase Agreement also settled with mutual general releases.
- Company pays Gerald $25,000 reimbursement for legal costs; all other obligations extinguished.
- 436,481 shares of WaveDancer common stock to be released from escrow 90 days after April 28, 2023.

## SEC filing metadata
- accession: 0001437749-23-012461
- form_type: 8-K
- ticker: AIFF
- cik: 0000803578
- company_name: FIREFLY NEUROSCIENCE, INC.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/803578/000143774923012461/0001437749-23-012461-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/803578/000143774923012461/iaic20230504_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-012461
- JSON: https://secwatch.observer/filing/0001437749-23-012461.json
- Plain text: https://secwatch.observer/filing/0001437749-23-012461.txt

## Key facts
- Material Agreements
  FIREFLY NEUROSCIENCE, INC. entered into Settlement Agreement with Jeffrey Gerald (effective 2023-04-28).
  - Action: entry
  - Agreement: settlement
  - Counterparty: Jeffrey Gerald
  - Effective: 2023-04-28
  source text: On April 28, 2023, WaveDancer, Inc. (the “Company”) and Jeffrey Gerald, the individual from whom the Company purchased all the outstanding shares of Gray Matters, Inc. (“GMI”), executed an agreement to settle pending litigation between them (the “Settlement Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/803578/000143774923012461/0001437749-23-012461-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.