Firefly Neuroscience Closes on Financing of up to $12.4 Million
Firefly Neuroscience, Inc. (AIFF)
Company Research
Source: GlobeNewswire
TORONTO, Dec. 31, 2024 (GLOBE NEWSWIRE) -- Firefly Neuroscience, Inc. (“Firefly,” “we,” or the “Company”) (NASDAQ: AIFF), an Artificial Intelligence (“AI”) company developing innovative solutions that improve brain health outcomes for patients with neurological and mental disorders, today announced the closing of up to $12.4 million consisting of $2.4 million up front in the form of senior secured convertible notes at $3.00 per share, subject to adjustment, and an equity line of credit (the “ELOC”) for up to $10 million. The proceeds from these financings will be used for growth, commercialization of its FDA-510(k) cleared Brain Network Analytics (BNA™) technology, and general working capital purposes. "The closing of this financing strengthens our balance sheet and provides us the financial flexibility to continue to execute on our growth strategy,” said Greg Lipschitz, Executive Chairman of Firefly. “The additional working capital will allow us to accelerate two strategic commerc
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AIFF
News
- Firefly Neuroscience Closes on Financing of up to $12.4 Million [Canadian Business Journal (Canada)]Canadian Business Journal
- Firefly Neuroscience Appoints Current Board Member, Greg Lipschitz, as Executive Chairman [Canadian Business Journal (Canada)]Canadian Business Journal
- Firefly Neuroscience Appoints Current Board Member, Greg Lipschitz, as Executive Chairman [Yahoo! Finance]Yahoo! Finance
- Firefly Neuroscience Appoints Current Board Member, Greg Lipschitz, as Executive ChairmanGlobeNewswire
- Firefly Neuroscience reports Q3 results [Seeking Alpha]Seeking Alpha
AIFF
Sec Filings
- 12/27/24 - Form 8-K
- 12/23/24 - Form 8-K
- 12/6/24 - Form ARS
- AIFF's page on the SEC website