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Firefly Neuroscience ( (AIFF) ) just unveiled an update.
On December 16, 2025, Firefly Neuroscience, Inc. entered into a Warrants Cancellation and Exchange Agreement with certain investors to restructure previously issued equity warrants. The company agreed to cancel June 16, 2025 warrants covering 800,000 common shares at exercise prices of $3.50 and $4.00 per share and replace them with new 2025 warrants for the same total number of shares at a significantly reduced exercise price of $0.50 per share, in a private placement relying on exemptions from Securities Act registration.
Under the new arrangement, the warrant holders committed to exercise the new warrants to the maximum extent allowed by specified beneficial ownership limits within ten business days of the exercise date and to continue exercising remaining warrants over time until fully exercised, which could generate up to approximately $400,000 in gross proceeds for Firefly Neuroscience. The company plans to use any proceeds for working capital and general corporate purposes, and disclosed that there were no prior material relationships between the company and the warrant investors, signaling a balance-sheet-focused transaction designed to secure additional capital on more exercise-friendly terms for investors.
Spark’s Take on AIFF Stock
According to Spark, TipRanks’ AI Analyst, AIFF is a Underperform.
Firefly Neuroscience’s stock is heavily impacted by its significant financial instability, marked by persistent losses, negative equity, and cash flow deficits. The bearish technical indicators further weigh down the score. Although the acquisition of Evoke Neuroscience presents a positive strategic move, it does not sufficiently mitigate the fundamental financial and valuation challenges. Overall, the stock faces a challenging outlook with limited upside potential.
To see Spark’s full report on AIFF stock, click here.
More about Firefly Neuroscience
Average Trading Volume: 230,977
Technical Sentiment Signal: Strong Sell
Current Market Cap: $18.08M
For an in-depth examination of AIFF stock, go to TipRanks’ Overview page.

