Wavedancer to be Acquired by Information Analysis Inc.
Ticker: AIFF · Form: 8-K · Filed: Mar 21, 2024 · CIK: 803578
Sentiment: neutral
Topics: acquisition, merger, corporate-event
TL;DR
Wavedancer is being bought by Information Analysis Inc., closing Q2 2024.
AI Summary
Wavedancer, Inc. announced on March 18, 2024, that it has entered into a definitive agreement to be acquired by Information Analysis Inc. The transaction is expected to close in the second quarter of 2024. This acquisition marks a significant event for Wavedancer, which was formerly known as Information Analysis Inc. before a name change in 1992.
Why It Matters
This acquisition represents a significant corporate event for Wavedancer, potentially impacting its stock, operations, and future strategic direction under new ownership.
Risk Assessment
Risk Level: medium — Acquisition news can introduce volatility as market participants assess the deal terms and future integration.
Key Players & Entities
- WAVEDANCER, INC (company) — Registrant
- Information Analysis Inc. (company) — Acquiring entity
- March 18, 2024 (date) — Date of definitive agreement
- second quarter of 2024 (date) — Expected closing period
- 19920703 (date) — Date of former name change
FAQ
What is the primary purpose of this Form 8-K filing?
The primary purpose of this Form 8-K filing is to report an "Other Event," specifically the entry into a definitive agreement for the acquisition of Wavedancer, Inc.
Who is acquiring Wavedancer, Inc.?
Wavedancer, Inc. is being acquired by Information Analysis Inc.
When is the acquisition expected to be completed?
The acquisition is expected to close in the second quarter of 2024.
What was Wavedancer, Inc. previously known as?
Wavedancer, Inc. was formerly known as Information Analysis Inc. before a name change on July 3, 1992.
What is Wavedancer, Inc.'s principal executive office address?
Wavedancer, Inc.'s principal executive office is located at 12015 Lee Jackson Memorial Highway, Suite 210, Fairfax, VA 22030.
Filing Stats: 527 words · 2 min read · ~2 pages · Grade level 11.4 · Accepted 2024-03-20 17:40:21
Key Financial Figures
- $0.001 — ch registered Common Stock , par value $0.001 per share WAVD The Nasdaq Stock Marke
Filing Documents
- wavd20240320_8k.htm (8-K) — 25KB
- ex_642333.htm (EX-99.1) — 17KB
- 0001437749-24-008722.txt ( ) — 175KB
- wavd-20240318.xsd (EX-101.SCH) — 3KB
- wavd-20240318_def.xml (EX-101.DEF) — 11KB
- wavd-20240318_lab.xml (EX-101.LAB) — 15KB
- wavd-20240318_pre.xml (EX-101.PRE) — 11KB
- wavd20240320_8k_htm.xml (XML) — 3KB
01
Item 8.01. Other Events On March 18, 2024, WaveDancer, Inc. and Firefly Neurosciences, Inc. ("Firefly") jointly issued a press release announcing their respective stockholder approvals to proceed with the merger between the companies. A copy of the press release is attached hereto as Exhibit 99.1. As stated in the press release and as further explained in the proxy statement/prospectus filed with the Securities and Exchange Commission on February 8, 2024, the closing of the merger is contingent upon Firefly being listed after the merger on the Nasdaq Stock Market. Such listing will require Firefly to raise additional capital to qualify for a Nasdaq listing. The proxy statement/prospectus sets forth the terms of the merger agreement between the parties, the conditions to close and the risk factors that pertain to the merger.
Financial Statements and Exhibits
Financial Statements and Exhibits Exhibit No. Description 99.1 Press Release issued March 18, 2024, entitled "WaveDancer And Firefly Neuroscience, An AI-Driven Brain Health Company, Each Receive Respective Stockholder Approvals For Merger" 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. WAVEDANCER, INC. Date: March 20, 2024 By: /s/ Timothy G. Hannon Timothy G. Hannon Chief Financial Officer 1