Firefly Neuroscience Closes on Financing of up to $12.4 Million
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Firefly Neuroscience, Inc. (NASDAQ: AIFF) has secured up to $12.4 million in financing, including $2.4 million in senior secured convertible notes and a $10 million equity line of credit. The funds will support growth, commercialization of its Brain Network Analytics technology, and general working capital.
December 31, 2024 | 2:15 pm
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Firefly Neuroscience has closed on financing of up to $12.4 million, which includes $2.4 million in convertible notes and a $10 million equity line of credit. This funding will aid in the growth and commercialization of its Brain Network Analytics technology.
The secured financing provides Firefly Neuroscience with significant capital to support its growth and commercialization efforts. The convertible notes and equity line of credit indicate investor confidence and provide financial flexibility, likely leading to a positive short-term impact on AIFF's stock price.
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