M&A
confidence high
sentiment neutral
materiality 0.85
WaveDancer to merge with Firefly Neuroscience, sell Tellenger, rename as Firefly
FIREFLY NEUROSCIENCE, INC.
- WaveDancer (WAVD) merges with private Firefly; Firefly holders get 88-92% of combined entity.
- WAVD sells operating subsidiary Tellenger to CEO-controlled Wavetop for $1.5M plus severance.
- Combined company to trade on Nasdaq under Firefly Neuroscience name, focusing on FDA-cleared BNA platform.
- Closing expected Q1 2024, subject to Nasdaq listing, stockholder approvals, and Tellenger sale.
- Firefly CEO Jon Olsen to lead combined firm; WAVD CEO Jamie Benoit remains on board.