---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-014384"
form_type: "8-K"
ticker: "AIFF"
cik: "0000803578"
company_name: "FIREFLY NEUROSCIENCE, INC."
filed_at: "2025-05-05T23:59:59+00:00"
generated_at: "2026-05-22T19:52:58.710932+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Firefly Neuroscience acquires Evoke Neuroscience; expands database, IP, commercial footprint

## Summary
- Purchase price $6M: 50% cash ($3M) and 50% common stock (857,143 shares at $3.50), plus $500K earn-out in cash if Evoke achieves $3M annualized revenues within 3 years.
- Acquisition adds >180,000 standardized EEG/ERP records, 27 granted patents, and >60 commercial users (more than 2x, 3x, and 10x expansions respectively).
- Evoke's CEO David Hagedorn to enter consulting agreement; Firefly aims to build first EEG/ERP-based foundation model of the human brain using NVIDIA Connect resources.
- Closing occurred May 1, 2025; Lock-Up on shares for 6 months or until registration effective; working capital adjustment threshold $90,000.
- $150,000 of cash directed to Evoke for post-closing operational expenses, excluded from working capital calculations.

## SEC filing metadata
- accession: 0001437749-25-014384
- form_type: 8-K
- ticker: AIFF
- cik: 0000803578
- company_name: FIREFLY NEUROSCIENCE, INC.
- filed_at: 2025-05-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/803578/000143774925014384/0001437749-25-014384-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/803578/000143774925014384/wavd20250502_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-014384
- JSON: https://secwatch.observer/filing/0001437749-25-014384.json
- Plain text: https://secwatch.observer/filing/0001437749-25-014384.txt

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