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FAIRFAX, Va. – WaveDancer, Inc. (NASDAQ:WAVD), a Virginia-based IT service provider, has called on its stockholders to vote in favor of a strategic merger with Firefly Neuroscience, emphasizing the importance of the upcoming stockholders’ meeting scheduled for March 14, 2024.
The company’s leadership, including CEO Jamie Benoit, has urged stockholders to cast a positive vote for each proposal related to the merger, 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 set to continue as the surviving corporation and a wholly-owned subsidiary of WaveDancer. The company aims to rebrand itself as Firefly Neuroscience and focus solely on advancing Firefly’s business, which includes the FDA-510(k) cleared Brain Network Analytics (BNA™) software platform, designed to improve diagnostics and treatments for various mental illnesses and cognitive disorders.
WaveDancer’s Board of Directors has outlined that a vote in favor of the merger is crucial for the consummation of the deal with Firefly Neuroscience, which they believe is key to delivering long-term value to stockholders. Additionally, approval from stockholders will aid in the potential fundraising efforts necessary 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 NASDAQ delisting, which could affect stockholders’ ability to trade shares.
Stockholders of record as of February 1, 2024, have been provided with proxy materials and are able to vote using the proxyvote.com website or by calling a designated number. The company has also provided guidance for stockholders who may have trouble locating their proxy control number or have not received their proxy materials.
The registration statement containing the proxy statement, prospectus, and proposals to be considered is available through the SEC’s website and WaveDancer’s website. The combined company’s common stock is anticipated to be listed on NASDAQ under the ticker symbol “AIFF.”
This reporting is based on a press release statement from WaveDancer, Inc. and provides an overview of the proposed merger with Firefly Neuroscience. The information presented is intended to assist stockholders in making an informed decision regarding their vote at the upcoming meeting.
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This story originally appeared on Investing
