AIFF 8-K
Firefly Neuroscience, Inc. (AIFF)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.02 Termination of a Material Definitive Agreement.
As previously disclosed in the Current Report on Form 8-K filed by the Firefly Neuroscience, Inc. (the “Company”) on December 23, 2024, the Company entered into a purchase agreement (“ELOC Agreement”) with Arena Business Solutions Global SPC II, Ltd (“Arena”), dated December 20, 2024, pursuant to which Arena had committed to purchase, upon the terms and conditions specified in the ELOC Agreement, up to $10 million of the Company’s common stock, par value $0.0001 per share.
On September 4, 2025, the Company delivered written notice to Arena to terminate the ELOC Agreement pursuant to its terms, which such termination to be effective as of September 11, 2025.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 29, 2025, the Board of Directors (the “Board”) of the Company approved an amendment (the “Amendment”) to the employment agreement (the “Krzywicki Employment Agreement”), dated March 12, 2025, by and between Deel Canada Services Inc. (“Deel”), which provides consulting services to the Company, and Paul Krzywicki, the Chief Financial Officer of the Company. On the same date, Deel and Mr. Krzywicki executed the Amendment.
Pursuant to the Amendment, Mr. Krzywicki’s annual gross base salary is increased from CA$165,000 (approximately US$120,000) to CA$216,000 (approximately US$157,000) effective September 1, 2025. All other terms and conditions of the Krzywicki Employment Agreement remain unchanged and in full force and effect.
The foregoing description of the Amendment is qualified in its entirety by reference to the full text of the Amendment, which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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Exhibit No. |
Description | |
| 10.1 | Amendment to Employment Agreement, dated August 29, 2025, by and between Deel Canada Services Inc. and Paul Krzywicki. | |
| 104 | Cover Page Interactive Data File (embedded with the Inline XBRL document). |
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: September 5, 2025 |
FIREFLY NEUROSCIENCE, INC. | |
| /s/ Greg Lipschitz | ||
| Name: | Greg Lipschitz | |
| Title: | Chief Executive Officer | |
2
Exhibit 10.1
AMENDMENT TO THE EMPLOYMENT AGREEMENT
This Amendment to the Employment Agreement dated August 29, 2025 (“Amendment”) is executed between:
Deel Canada Services Inc., a company with registered at 700 West Georgia Street, Suite 2200, Vancouver, BC, V7Y 1K8, CA legally represented by its legal representative Alexandre Bouaziz (the “Deel Group” or the “Employer”).
AND
Paul Krzywicki, of legal age, and with address at [REDACTED] (“Employee”).
Each is referred to here as a “Party” and collectively as the “Parties”. WHEREAS:
| 1. | The Employer and the Employee entered into an Employment Agreement dated March 12th, 2025 (“Agreement”). | |
| 2. | For the Employee’s benefit, the Parties mutually agree to amend the Agreement. |
NOW THEREFORE, in consideration of the mutual covenants here and for other good and valuable consideration, the Parties agree as follows:
Effective: September 1, 2025
The Employee’s annual gross salary is updated to 216000.00 CAD (“Salary”). This salary replaces the previous annual gross salary stated in the Employment Agreement.
Except for the amendments contained in this Amendment, all other terms and conditions of employment contained in the Agreement will remain unchanged and shall be in full force and effect as regulated by the Agreement.
EMPLOYEE
| August 29, 2025 | /s/ Paul Krzywicki | |
| Date | Paul Krzywicki |
AUTHORIZED SIGNATORY OF EMPLOYER: GREG LIPSCHITZ
| August 29, 2025 | /s/ Greg Lipschitz | |
| Date | Greg Lipschitz |