Firefly Neuroscience, Inc. Private Placement Closing and Finders Fee Agreement with Canaccord Genuity Corp.
Firefly Neuroscience, Inc. and Canaccord Genuity Corp. have finalized the sale of 292,770 units of Firefly at $3.00 per unit, raising $878,310. After deducting a 7.5% finder's commission on 130,000 units and a wire transfer fee, Firefly will receive $848,960. In exchange, Canaccord will receive shares, share purchase warrants, and finder's warrants, all exercisable at $4.00 per share for 36 months. The transaction is subject to receipt of certain documents, including a conditional acceptance letter from the exchange.
Exhibit 10.29
| | Canaccord Genuity Corp. 1133 Melville Street, Suite 1200 Vancouver, BC Canada V6E 4E5
T: 604 ###-###-#### TF: 800 ###-###-#### cgf.com |
January 31, 2025
| BY EMAIL: | Greg Lipschitz ***@*** |
STRICTLY PRIVATE AND CONFIDENTIAL
Firefly Neuroscience, Inc.
1100 MILITARY ROAD,
KENMORE, NY, 14217
| Attention: | Greg Lipschitz, CEO |
| RE: | FIREFLY NEUROSCIENCE, INC. (THE “COMPANY”) NON-BROKERED PRIVATE PLACEMENT OF UP TO 666,666 UNITS (THE “UNITS”) OF THE COMPANY AT A PRICE OF US$3.00 PER UNIT CLOSING: 292,770 UNITS |
Dear Greg Lipschitz:
We confirm the sale of 292,770 Units of the Company pursuant to the Finder’s Fee Agreement dated January 31, 2025. Details of sales are as follows:
| Number of Units | Price | Gross Proceeds | ||||
| 292,770 | US$3.00 | US$878,310.00 | ||||
| Less: Finder’s commission of 7.5% on | 130,000 Units | 29,250.00 | ||||
| Wire Transfer Fee | 100.00 | |||||
| NET PROCEEDS TO THE COMPANY | US$848,960.00 | |||||
We will issue a bank wire in the amount of US$848,960.00, payable to Tingle Merrett LLP, in trust representing the net proceeds received from the sale of the Units against receipt by us of the following:
| 1. | 292,770 common share and 292,770 share purchase warrants, exercisable to purchase an additional share of the Company at a price of US$4.00 per share for a period of 36 months from closing. Registration instructions as per our earlier letter; |
| 2. | 20,832 warrants, exercisable to purchase an additional share of the Company at a price of US$4.00 per share for a period of 36 months from closing, representing the 7.5% Finder’s Warrants on 277,770 Units. Please see below for registration instructions; and |
Offices in Canada are offices of Canaccord Genuity Corp., a member of the Canadian Investor Protection Fund and the Canadian Investment Regulatory Organization (CIRO).
Offices in other countries are offices of other companies in the Canaccord Genuity group of companies. See www.cgf.com/en/companies for more information.
| 3. | a copy of the Exchange’s conditional acceptance letter. |
| Registration instructions - | Warrants | |
| Finder’s Warrants | ||
| 1 x 20,832 | ||
| CANACCORD GENUITY CORP. | ||
| The Stack, 1133 Melville Street, Suite 1200 | ||
| Vancouver, BC, V6E 4E5 |
Yours truly,
CANACCORD GENUITY CORP.
Roderick Babia
Retail Syndication Associate
