secwatch.observer — SEC 8-K summary
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Issuer:     FIREFLY NEUROSCIENCE, INC. (AIFF)
CIK:        0000803578
Form:       8-K/A
Filed at:   2024-09-16T23:59:59+00:00
Accession:  0001437749-24-029212
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Firefly Neuroscience FY2023 net loss $2.6M, revenue $498K; raises $3.5M private placement
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- FY2023 revenue $498K vs $0 in 2022; net loss $2.6M vs $3.9M; operating loss $3.1M.
- Accumulated deficit $76.6M; auditor expresses substantial doubt about going concern.
- Private placement closed 8/12/24: gross proceeds ~$3.5M from 3.07M shares and warrants.
- Merger with WaveDancer (92% ownership for Firefly shareholders) expected to close in H2 2024.
- Cash $2.1M at 12/31/23; negative operating cash flow $2.2M in FY2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/803578/000143774924029212/0001437749-24-029212-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/803578/000143774924029212/wavd20240913_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-029212

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