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FAIRFAX, Va. – WaveDancer, Inc. (NASDAQ:WAVD), a Virginia-based IT services provider, urged its shareholders to vote in favor of a strategic merger with Firefly Neuroscience, highlighting the importance of its upcoming shareholder meeting scheduled for March 14, 2024.
Company leadership, including CEO Jamie Benoit, urged shareholders to cast a positive vote on any merger proposal, highlighting the potential long-term benefits for the company and its shareholders.
The merger, initially announced on November 15, 2023, involves WaveDancer’s subsidiary, FFN Merger Sub, Inc., and Firefly Neuroscience, with the latter expected to continue as a surviving company and a wholly owned subsidiary of WaveDancer. The company aims to rebrand itself as Firefly Neuroscience and focus exclusively on advancing the Firefly business, which includes the FDA-510(k)-cleared Brain Network Analytics (BNA™) software platform, designed to improve diagnostics and treatments for various diseases mental and cognitive disorders.
WaveDancer’s Board of Directors emphasized that a vote in favor of the merger is critical to closing the deal with Firefly Neuroscience, which they believe is critical to delivering long-term value to shareholders. Additionally, shareholder approval will aid in the potential fundraising efforts needed to finalize the transaction.
Failure to obtain approval could lead to adverse outcomes, including the potential sale of company assets at suboptimal prices and the risk of delisting from the NASDAQ, which could impact shareholders’ ability to trade shares.
Shareholders of record as of February 1, 2024 have been provided with proxy materials and may vote using the proxyvote.com website or by calling a designated number. The company also provided guidance to shareholders who may have difficulty locating their proxy control number or who have not received proxy materials.
The registration statement containing the proxy statement, prospectus and proposals for consideration is available through the SEC website and WaveDancer’s website. The combined company’s common stock is expected to be listed on the NASDAQ under the symbol “AIFF.”
This report is based on a press release from WaveDancer, Inc. and provides an overview of the proposed merger with Firefly Neuroscience. The information presented is intended to help shareholders make an informed decision regarding their vote at the next meeting.
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