Brief: Wavedancer Announces Merger Agreement With Firefly Neuroscience

Firefly Neuroscience

16/11/2023 12:18

Nov 16 (Reuters) - Wavedancer Inc  WAVD.O :
    * WAVEDANCER ANNOUNCES MERGER AGREEMENT WITH FIREFLY
NEUROSCIENCE
    * WAVEDANCER INC- UNDER TERMS EACH SHARE OF FIREFLY COMMON
STOCK
ISSUED AND OUTSTANDING WILL BE CONVERTED INTO COMMON STOCK OF
WAVEDANCER
    * WAVEDANCER INC - COMBINED COMPANY IS EXPECTED TO OPERATE
UNDER
NAME FIREFLY NEUROSCIENCE, INC., AND TRADE ON NASDAQ CAPITAL
MARKET
    * WAVEDANCER INC - COMBINED COMPANY WILL BE LED BY JON OLSEN
    * WAVEDANCER INC-  AT EFFECTIVE TIME OF MERGER,
SECURITYHOLDERS OF
FIREFLY WILL OWN APPROXIMATELY 92% OF COMBINED COMPANY
    * WAVEDANCER INC-  AT EFFECTIVE TIME OF MERGER
SECURITYHOLDERS OF
WAVEDANCER WILL OWN APPROXIMATELY 8% OF COMBINED COMPANY
    * WAVEDANCER INC -  WAVEDANCER'S OPERATING SUBSIDIARY
TELLENGER,
INC WILL BE DIVESTED THROUGH A TRANSACTION CLOSING SIMULTANEOUS
TO FIREFLY MERGER

Source text for Eikon:  ID:nGNX9vl0NH 
Further company coverage:  WAVD.O 

 ((Reuters.Briefs@thomsonreuters.com;))