Firefly Neuroscience Files S-1 for 30M Share Offering
Ticker: AIFF · Form: S-1 · Filed: Sep 27, 2024 · CIK: 803578
Sentiment: neutral
Topics: ipo, s-1, software
TL;DR
Firefly Neuroscience is going public, filing for a 30M share offering with $16.1M revenue.
AI Summary
Firefly Neuroscience, Inc. filed an S-1 form on September 27, 2024, indicating plans to offer 30,000,000 shares of common stock. The company, formerly known as Wavedancer, Inc., reported $16,116,957 in revenue for the period ending June 30, 2024. The filing also details a total of 2,470,000,000 shares outstanding.
Why It Matters
This S-1 filing signals Firefly Neuroscience's intention to go public, potentially bringing new investment into the neuroscience technology sector and offering investors a chance to participate in the company's growth.
Risk Assessment
Risk Level: medium — The company is in the pre-IPO stage, which inherently carries higher risks related to market reception, valuation, and future performance.
Key Numbers
- 30,000,000 — Shares to be Offered (Indicates the scale of the planned public offering.)
- $16.1M — Revenue (Q2 2024) (Shows the company's recent financial performance.)
- 2.47B — Outstanding Shares (Represents the total equity before the new offering.)
Key Players & Entities
- FIREFLY NEUROSCIENCE, INC. (company) — Filer
- WAVEDANCER, INC. (company) — Former Company Name
- 30,000,000 (dollar_amount) — Number of shares to be offered
- 16,116,957 (dollar_amount) — Revenue for period ending June 30, 2024
- 2,470,000,000 (dollar_amount) — Total outstanding shares
- 20240927 (date) — Filing Date
FAQ
What is the proposed price range for the shares in the S-1 filing?
The provided excerpt does not specify the proposed price range for the shares.
What is the primary business of Firefly Neuroscience, Inc.?
The filing indicates the company's SIC code is 'SERVICES-PREPACKAGED SOFTWARE [7372]', suggesting a focus on software services, though the name 'Neuroscience' implies a specific application area.
When was Firefly Neuroscience, Inc. formerly known as Wavedancer, Inc.?
The date of the name change from Wavedancer, Inc. to Firefly Neuroscience, Inc. was December 15, 2021.
What are the total assets reported by Firefly Neuroscience, Inc. as of June 30, 2024?
The provided excerpt does not contain information on total assets.
How much net income or loss did Firefly Neuroscience, Inc. report for the six months ended June 30, 2024?
The excerpt does not provide net income or loss figures for the specified period.
Filing Stats: 4,445 words · 18 min read · ~15 pages · Grade level 15 · Accepted 2024-09-27 06:22:02
Key Financial Figures
- $0.0001 — 9,645 shares of common stock, par value $0.0001 per share ("Common Stock") of Firefly N
- $3.4699 — price of shares of our Common Stock was $3.4699. Investing in our securities involves
- $0.71 — of Common Stock at an exercise price of $0.71 per share, issued to the PIPE investors
- $60 m — ears and an investment of approximately $60 million, to develop the software, compile
Filing Documents
- wavd20240923_s1.htm (S-1) — 3271KB
- ex_726612.htm (EX-4.1) — 61KB
- ex_726613.htm (EX-4.4) — 60KB
- ex_726945.htm (EX-4.5) — 91KB
- ex_727576.htm (EX-23.1) — 7KB
- ex_727371.htm (EX-FILING FEES) — 24KB
- inaagroup01.jpg (GRAPHIC) — 3KB
- inaalogo.jpg (GRAPHIC) — 3KB
- ts01.jpg (GRAPHIC) — 6KB
- tslogo.jpg (GRAPHIC) — 7KB
- tssig.jpg (GRAPHIC) — 4KB
- wavd20240923_s1img001.jpg (GRAPHIC) — 3KB
- wavd20240923_s1img002.jpg (GRAPHIC) — 13KB
- wavd20240923_s1img003.jpg (GRAPHIC) — 8KB
- wavd20240923_s1img004.jpg (GRAPHIC) — 14KB
- wavd20240923_s1img005.jpg (GRAPHIC) — 22KB
- wavd20240923_s1img006.jpg (GRAPHIC) — 3KB
- 0001437749-24-030111.txt ( ) — 12802KB
- aiff-20240630.xsd (EX-101.SCH) — 101KB
- aiff-20240630_cal.xml (EX-101.CAL) — 77KB
- aiff-20240630_def.xml (EX-101.DEF) — 718KB
- aiff-20240630_lab.xml (EX-101.LAB) — 371KB
- aiff-20240630_pre.xml (EX-101.PRE) — 778KB
- wavd20240923_s1_htm.xml (XML) — 1558KB
USE OF PROCEEDS
USE OF PROCEEDS 34 DETERMINATION OF OFFERING PRICE 34 MARKET PRICE OF OUR COMMON STOCK AND DIVIDENDS 35
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 36
BUSINESS
BUSINESS 46 MANAGEMENT 63
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 70
DESCRIPTION OF CAPITAL STOCK
DESCRIPTION OF CAPITAL STOCK 85 BENEFICIAL OWNERSHIP OF SECURITIES 91 SELLING SECURITYHOLDERS 93 CERTAIN RELATIONSHIPS AND RELATED PERSON TRANSACTIONS 96 MATERIAL U.S. FEDERAL TAX CONSIDERATIONS FOR HOLDERS OF COMMON STOCK AND WARRANTS 99 PLAN OF DISTRIBUTION 103 LEGAL MATTERS 105 EXPERTS 105 WHERE YOU CAN FIND ADDITIONAL INFORMATION 105 UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEET 106 INDEX TO FINANCIAL STATEMENTS F-1 You should rely only on the information contained in this prospectus. No one has been authorized to provide you with information that is different from that contained in this prospectus. This prospectus is dated as of the date set forth on the cover hereof. You should not assume that the information contained in this prospectus is accurate as of any date other than that date. For investors outside of the United States: We have not done anything that would permit this offering or possession or distribution of this prospectus in any jurisdiction where action for that purpose is required, other than in the United States. Persons outside the United States who come into possession of this prospectus must inform themselves about, and observe any restrictions relating to, the offering of our securities and the distribution of this prospectus outside the United States. This document contains references to trademarks and service marks belonging to other entities. Solely for convenience, trademarks and trade names referred to in this prospectus may appear without the or symbols, but such references are not intended to indicate, in any way, that the applicable licensor will not assert, to the fullest extent under applicable law, its rights to these trademarks and trade names. Firefly does not intend its use or display of other companies' trade names, trademarks or service marks to imply a relationship with, or endorsement or sponsorship of Firefly by, any other companies. Notwithstanding references thereto in this pros