Firefly Neuroscience, Inc. Issues Letter To Stockholders On Proposed Merger With WaveDancer
Portfolio Pulse from Benzinga Newsdesk
Firefly Neuroscience, Inc.'s CEO, Jon Olsen, issued a letter to stockholders regarding the proposed merger with WaveDancer, Inc. (NASDAQ:WAVD), emphasizing the potential of their Brain Network Analytics (BNA™) Platform to revolutionize mental health treatment with AI and data. The merger, subject to stockholder approval, aims to leverage Firefly's technology to improve diagnosis and treatment of mental health and cognitive disorders. The BNA™ Platform, FDA-cleared and commercially available in the U.S., represents a significant market opportunity, with Firefly also exploring partnerships in the pharmaceutical sector.
February 22, 2024 | 2:10 pm
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WaveDancer, Inc. (NASDAQ:WAVD) is set to merge with Firefly Neuroscience, Inc., aiming to capitalize on Firefly's innovative BNA™ Platform for mental health treatment. The merger is expected to enhance WaveDancer's offerings in the healthcare sector, particularly in mental health diagnostics and treatment.
The merger with Firefly positions WaveDancer to leverage the BNA™ Platform, potentially opening new markets and enhancing its product offerings in the mental health sector. Given the platform's FDA clearance and commercial availability, this move could significantly impact WaveDancer's market position and financial performance in the short term.
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