{"id":816209,"date":"2025-02-21T08:04:54","date_gmt":"2025-02-21T13:04:54","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/firefly-neuroscience-announces-exercise-of-warrants-for-total-proceeds-of-8-8-million\/"},"modified":"2025-02-21T08:04:54","modified_gmt":"2025-02-21T13:04:54","slug":"firefly-neuroscience-announces-exercise-of-warrants-for-total-proceeds-of-8-8-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/firefly-neuroscience-announces-exercise-of-warrants-for-total-proceeds-of-8-8-million\/","title":{"rendered":"Firefly Neuroscience Announces Exercise of Warrants for Total Proceeds of $8.8 Million"},"content":{"rendered":"

\nExtends cash runway well into mid-2026; no new\/replacement warrants issued
\n<\/h2>\n
\n

KENMORE, N.Y., Feb. 21, 2025 (GLOBE NEWSWIRE) — Firefly Neuroscience, Inc. (\u201cFirefly,\u201d or the \u201cCompany\u201d) (NASDAQ: AIFF), an Artificial Intelligence (\u201cAI\u201d) company developing innovative solutions that improve brain health outcomes for patients with neurological and mental disorders, is pleased to announced that it has received total proceeds of $8,824,710 from the exercise of warrants to purchase 823,530 shares of the common stock of the Company, par value $0.0001 per share (\u201ccommon stock\u201d), at an exercise price of $6.83, and warrants to purchase 800,000 shares of commons stock, at an exercise price of $4.00, respectively. The warrants were issued pursuant to private placements that closed on August 12, 2024 and December 20, 2024, and no new warrants were issued by the Company as a result of the exercises.<\/p>\n

The proceeds from the exercise of the warrants will be used for general working capital purposes, including Firefly\u2019s recently announced<\/a> strategic initiative to build the world\u2019s first foundation model of the human brain using its U.S. Food and Drug Administration (FDA)-cleared Brain Network Analytics (\u201cBNA\u2122\u201d) technology platform.<\/p>\n

\u201cI want to thank our shareholders for such a strong vote of confidence in our ability to unleash the power of our FDA-cleared BNA\u2122 technology,\u201d said Greg Lipschitz, Executive Chairman of Firefly. \u201cThe warrant exercises have significantly strengthened our current cash position, and we are now in the enviable position of having cash runway well into mid-2026.\u201d<\/p>\n

\n About Firefly
<\/strong>Firefly (NASDAQ: AIFF) is an Artificial Intelligence (\u201cAI\u201d) company developing innovative solutions that improve brain health outcomes for patients with neurological and mental disorders. Firefly\u2019s FDA-510(k) cleared Brain Network Analytics (BNA\u2122) technology revolutionizes diagnostic and treatment monitoring methods for conditions such as depression, dementia, anxiety disorders, concussions, and ADHD. Over the past 15 years, Firefly has built a comprehensive database of brain wave tests, secured patent protection, and achieved FDA clearance. The Company is now launching BNA\u2122 commercially, targeting pharmaceutical companies engaged in drug research and clinical trials, as well as medical practitioners for clinical use.<\/p>\n

Brain Network Analytics was developed using artificial intelligence and machine learning on Firefly\u2019s extensive proprietary database of standardized, high-definition longitudinal electroencephalograms (EEGs) of over 17,000 patients representing twelve disorders, as well as clinically normal patients. BNA\u2122, in conjunction with an FDA-cleared EEG system, can provide clinicians with comprehensive insights into brain function. These insights can enhance a clinician\u2019s ability to accurately diagnose mental and cognitive disorders and to evaluate what therapy and\/or drug is best suited to optimize a patient\u2019s outcome.<\/p>\n

Please visit\u00a0https:\/\/fireflyneuro.com\/<\/a>\u00a0for more information.<\/p>\n

\n Forward-Looking Statements<\/strong>
\n
Certain statements in this press release may constitute \u201cforward-looking statements\u201d for purposes of the federal securities laws concerning Firefly. These forward-looking statements include express or implied statements relating to Firefly\u2019s management teams\u2019 expectations, hopes, beliefs, intentions, or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words \u201canticipate,\u201d \u201cbelieve,\u201d \u201ccontemplate,\u201d \u201ccontinue,\u201d \u201ccould,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cintends,\u201d \u201cmay,\u201d \u201cmight,\u201d \u201cplan,\u201d \u201cpossible,\u201d \u201cpotential,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cwould\u201d and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on current expectations and beliefs concerning future developments and their potential effects. There can be no assurance that future developments affecting Firefly will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond Firefly\u2019s control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to those factors described under the heading \u201cRisk Factors\u201d in the reports and other filings of Firefly with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should any of Firefly\u2019s assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. It is not possible to predict or identify all such risks. Forward-looking statements included in this press release only speak as of the date they are made, and Firefly does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.<\/p>\n

\n Investor & Media Contact<\/strong>
\n
Stephen Kilmer
(646) 274-3580
stephen.kilmer@fireflyneuro.com<\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Extends cash runway well into mid-2026; no new\/replacement warrants issued KENMORE, N.Y., Feb. 21, 2025 (GLOBE NEWSWIRE) — Firefly Neuroscience, Inc. (\u201cFirefly,\u201d or the \u201cCompany\u201d) (NASDAQ: AIFF), an Artificial Intelligence (\u201cAI\u201d) company developing innovative solutions that improve brain health outcomes for patients with neurological and mental disorders, is pleased to announced that it has received total proceeds of $8,824,710 from the exercise of warrants to purchase 823,530 shares of the common stock of the Company, par value $0.0001 per share (\u201ccommon stock\u201d), at an exercise price of $6.83, and warrants to purchase 800,000 shares of commons stock, at an exercise price of $4.00, respectively. The warrants were issued pursuant to private placements that closed on August 12, 2024 and December … <\/p>\n

Continue reading “Firefly Neuroscience Announces Exercise of Warrants for Total Proceeds of $8.8 Million”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-816209","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFirefly Neuroscience Announces Exercise of Warrants for Total Proceeds of $8.8 Million - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/firefly-neuroscience-announces-exercise-of-warrants-for-total-proceeds-of-8-8-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Firefly Neuroscience Announces Exercise of Warrants for Total Proceeds of $8.8 Million - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Extends cash runway well into mid-2026; no new\/replacement warrants issued KENMORE, N.Y., Feb. 21, 2025 (GLOBE NEWSWIRE) — Firefly Neuroscience, Inc. 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