Firefly Neuroscience Files S-1/A for Securities Registration
Ticker: AIFF · Form: S-1/A · Filed: Jan 13, 2025 · CIK: 803578
Sentiment: neutral
Topics: sec-filing, s-1/a, securities-registration
TL;DR
Firefly Neuroscience (fka Wavedancer) filed S-1/A, prepping for a stock offering. Watch for dilution/opportunity.
AI Summary
Firefly Neuroscience, Inc. (formerly Wavedancer, Inc.) filed an S-1/A on January 13, 2025, to register securities. The company, previously known as Information Analysis Inc., is based in Kenmore, NY, and operates in the pre-packaged software sector. The filing details various financial figures, including potential share issuances and outstanding amounts, but does not specify a dollar amount for the offering.
Why It Matters
This S-1/A filing indicates Firefly Neuroscience is preparing to offer securities to the public, which could lead to new investment opportunities or dilution for existing shareholders.
Risk Assessment
Risk Level: medium — As a company undergoing a securities registration, there's inherent risk related to market reception, valuation, and potential dilution.
Key Numbers
- 1,000,000 — Shares (Potential shares to be registered)
- 3,120,000 — Shares (Potential shares to be registered)
- 100,000,000 — Shares (Potential shares to be registered)
- 8,476,202 — Shares (Outstanding shares as of Q3 2024)
- 3,678,550 — Shares (Outstanding shares as of Q3 2024)
Key Players & Entities
- FIREFLY NEUROSCIENCE, INC. (company) — Filer
- WAVEDANCER, INC. (company) — Former Company Name
- INFORMATION ANALYSIS INC (company) — Previous Former Company Name
- 1100 MILITARY ROAD, KENMORE, NY 14217 (location) — Business and Mailing Address
- 888-237-6412 (phone_number) — Business Phone
- 333-282357 (sec_file_number) — SEC File Number
FAQ
What is the purpose of this S-1/A filing?
The S-1/A filing is an amendment to a registration statement, indicating Firefly Neuroscience, Inc. is registering securities for public offering.
When was Firefly Neuroscience, Inc. previously known by another name?
Firefly Neuroscience, Inc. was formerly known as WAVEDANCER, INC. as of December 15, 2021.
What is the company's primary business address?
The company's business address is 1100 Military Road, Kenmore, NY 14217.
What is the SEC file number associated with this filing?
The SEC file number is 333-282357.
What are the outstanding share numbers reported as of Q3 2024?
As of September 30, 2024, the company reported 8,476,202 shares outstanding.
Filing Stats: 4,464 words · 18 min read · ~15 pages · Grade level 14.8 · Accepted 2025-01-13 16:09:32
Key Financial Figures
- $0.0001 — 9,645 shares of common stock, par value $0.0001 per share ("Common Stock") of Firefly N
- $2.59 — price of shares of our Common Stock was $2.59. 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
- wavd20241216_s1a.htm (S-1/A) — 3527KB
- ex_764774.htm (EX-5.1) — 19KB
- ex_757740.htm (EX-23.1) — 7KB
- image1.jpg (GRAPHIC) — 6KB
- image2.jpg (GRAPHIC) — 3KB
- image3.jpg (GRAPHIC) — 5KB
- 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
- 0001437749-25-000977.txt ( ) — 15110KB
- aiff-20240930.xsd (EX-101.SCH) — 115KB
- aiff-20240930_cal.xml (EX-101.CAL) — 83KB
- aiff-20240930_def.xml (EX-101.DEF) — 882KB
- aiff-20240930_lab.xml (EX-101.LAB) — 479KB
- aiff-20240930_pre.xml (EX-101.PRE) — 937KB
- wavd20241216_s1a_htm.xml (XML) — 2015KB
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