WAVD - SEC Declares Form S-4 Registration Statement Effective for Proposed Merger of WaveDancer Inc. and Firefly Neuroscience Inc. | Benzinga
FAIRFAX, Va. and TORONTO, Feb. 06, 2024 (GLOBE NEWSWIRE) -- WaveDancer, Inc. (NASDAQ:WAVD) ("WaveDancer") and Firefly Neuroscience, Inc. ("Firefly") announced today that the Registration Statement on Form S-4 (as amended or supplemented through the date hereof, the "Registration Statement") relating to the companies' proposed merger was declared effective by the Securities and Exchange Commission. Accordingly, WaveDancer commenced the mailing of a definitive proxy statement to WaveDancer stockholders of record as of the close of business on February 1, 2024.
WaveDancer will hold a special meeting of its stockholders to approve the proposed merger on March 14, 2024, at 10:00 a.m. Eastern Time.
"We are very pleased that the Registration Statement has been declared effective and are now ready to move forward with our stockholder vote next month. We now expect to close earlier in the second quarter of 2024 than originally anticipated," said Jamie Benoit, Chairman and CEO of WaveDancer. "We hope that bringing Firefly and its FDA-cleared, Brain Network Analytics (BNA™) platform, developed with artificial intelligence (AI), to the Nasdaq will accelerate the company's ability to work with medical professionals to improve outcomes for people suffering from mental illnesses and cognitive disorders and we believe this transaction will translate into greater value for stockholders of both companies."
Jon Olsen, CEO of Firefly added, "The parties have proceeded through this transaction with competence and professionalism, and we are excited to be one step closer to closing. We look forward to introducing the BNA™ Platform to clinics and pharmaceutical companies around the world and are ecstatic to be one step closer to being a publicly traded company."
Additional Information About the WaveDancer/Firefly Merger and Where to Find It
As previously announced, 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. WaveDancer has filed with the SEC the Registration Statement, which includes a preliminary ...