Firefly Neuroscience Files S-1/A, Eyes Share Structure Change
Ticker: AIFF · Form: S-1/A · Filed: Jan 29, 2025 · CIK: 803578
Sentiment: neutral
Topics: filing, capital-structure, amendment
TL;DR
Firefly Neuro S-1/A: Assets $3.1M, Liabs $1.7M, authorized shares jump to 256.8M. Big changes brewing.
AI Summary
Firefly Neuroscience, Inc. (formerly Wavedancer, Inc.) filed an S-1/A on January 29, 2025, detailing its financial status. As of September 30, 2024, the company reported $3,120,000 in total assets and $1,676,165 in total liabilities. The filing also indicates a significant increase in authorized shares, from 100,000,000 to 256,880,000.
Why It Matters
This S-1/A filing signals potential changes in Firefly Neuroscience's capital structure, which could impact its ability to raise future capital and its stock's market valuation.
Risk Assessment
Risk Level: medium — The filing indicates a substantial increase in authorized shares, which can be a precursor to significant financing or stock dilution events, introducing uncertainty.
Key Numbers
- $3.12B — Total Assets (As of September 30, 2024)
- $1.68B — Total Liabilities (As of September 30, 2024)
- 256.88M — Authorized Shares (Increased from 100M)
Key Players & Entities
- FIREFLY NEUROSCIENCE, INC. (company) — Filer
- WAVEDANCER, INC. (company) — Former company name
- INFORMATION ANALYSIS INC (company) — Former company name
- 20250129 (date) — Filing date
- $3,120,000 (dollar_amount) — Total assets as of Q3 2024
- $1,676,165 (dollar_amount) — Total liabilities as of Q3 2024
- 256,880,000 (dollar_amount) — Authorized shares after amendment
FAQ
What is the primary purpose of this S-1/A filing for Firefly Neuroscience, Inc.?
The S-1/A filing on January 29, 2025, amends previous filings and likely relates to changes in the company's capital structure, including an increase in authorized shares.
What were Firefly Neuroscience's total assets and liabilities as of September 30, 2024?
As of September 30, 2024, Firefly Neuroscience reported total assets of $3,120,000 and total liabilities of $1,676,165.
How has the number of authorized shares changed for Firefly Neuroscience?
The number of authorized shares has increased significantly from 100,000,000 to 256,880,000.
What were the former names of Firefly Neuroscience, Inc.?
Firefly Neuroscience, Inc. was formerly known as Wavedancer, Inc. (name change effective December 15, 2021) and prior to that, Information Analysis Inc.
What is the business address and phone number listed for Firefly Neuroscience, Inc.?
The business address is 1100 Military Road, Kenmore, NY 14217, and the business phone number is 888-237-6412.
Filing Stats: 4,466 words · 18 min read · ~15 pages · Grade level 14.8 · Accepted 2025-01-29 06:19:16
Key Financial Figures
- $0.0001 — 9,645 shares of common stock, par value $0.0001 per share ("Common Stock") of Firefly N
- $3.65 — rice of shares of our Common Stock was $3.65 . 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
- wavd20250122_s1a.htm (S-1/A) — 3549KB
- ex_770885.htm (EX-10.12) — 70KB
- ex_768688.htm (EX-23.1) — 7KB
- inaagroup01.jpg (GRAPHIC) — 3KB
- inaalogo.jpg (GRAPHIC) — 3KB
- pic1.jpg (GRAPHIC) — 5KB
- 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
- 0001437749-25-002056.txt ( ) — 15141KB
- 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
- wavd20250122_s1a_htm.xml (XML) — 1997KB
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