The timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation: (i) the risk that the conditions to the closing of the proposed transactions are not satisfied if at all; (ii) uncertainties as to the timing of the consummation of the proposed transactions and the ability of each of WaveDancer and Firefly to consummate the proposed merger; and (iii) risks related to the inability of the combined company to obtain sufficient additional capital to continue to advance Firefly’s products, clinical and pharmaceutical programs.
Successful votes from both parties’ stockholders mark a critical step toward deal closing with the pioneering artificial intelligence-enabled neurological technology company.FAIRFAX, Va., March 18, 2024 (GLOBE NEWSWIRE) -- WaveDancer, Inc.("WaveDancer”) (Nasdaq: WAVD) and Firefly Neuroscience, Inc.("Firefly”) an AI-driven brain health company, each received the requisite stockholder approvals required to consummate the merger between both companies.
Additional Information About the WaveDancer/Firefly Merger and Where to Find ItAs previously announced, on November 15, 2023, WaveDancer, FFN Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of WaveDancer ("Merger Sub”), and Firefly, entered into an Agreement and Plan of Merger (as amended by that certain Amendment No.1, dated as of January 12, 2024, and as may be further amended from time to time, the "Merger Agreement”), which provides for, among other things, the merger of Merger Sub with and into Firefly, with Firefly continuing as the surviving corporation and a wholly-owned subsidiary of WaveDancer (following the consummation of the merger and the name change described below, the "combined company”), on the terms and conditions set forth in the Merger Agreement.
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