SCHEDULE 13G/A 0001699673 XXXXXXXX LIVE 1 Common Stock, $0.0001 par value per share 03/31/2025 0000803578 Firefly Neuroscience, Inc. 317970101 1100 Military Road Kenmore NY 14217 Rule 13d-1(c) Arena Investors, LP DE 0.00 0.00 0.00 0.00 0.00 N 0.0 PN Arena Investors GP, LLC DE 0.00 0.00 0.00 0.00 0.00 N 0.0 OO limited liability company Arena SPV Manager, LLC DE 0.00 0.00 0.00 0.00 0.00 N 0.0 OO limited liability company Helena Special Opportunities, LLC E9 0.00 0.00 0.00 0.00 0.00 N 0.0 OO limited liability company Firefly Neuroscience, Inc. 1100 Military Road Kenmore, NY, 14217 This Schedule 13G is filed by the following (the "Reporting Persons"): (1) Arena Investors, LP (the "Adviser"); (2) Arena Investors GP, LLC (the "Adviser GP"); (3) Arena SPV Manager, LLC (the "Manager"); and (4) Helena Special Opportunities, LLC ("Helena"). Helena is a private investment vehicle. Helena directly beneficially owns the Common Stock reported in this statement. The Manager is the manager of Helena. The Adviser is the sole member of the Manager. The Adviser GP is the general partner of the Adviser. The Adviser, the Adviser GP and the Manager may be deemed to beneficially own the Common Stock directly beneficially owned by Helena. Each Reporting Person disclaims beneficial ownership with respect to any Common Stock other than the Common Stock directly beneficially owned by such Reporting Person. The principal business office of the Reporting Persons is 2500 Westchester Avenue, Suite 401, Purchase, New York 10577. For citizenship or place of organization see Item 4 of the cover page of each Reporting Person. Y See Item 9 on the cover page for each Reporting Person, and Item 2, which information is given as of the close of business on March 31, 2025, the Date of Event which requires the filing of this Schedule 13G/A. See Item 11 on the cover page for each Reporting Person. See Item 5 on the cover page for each Reporting Person. See Item 6 on the cover page for each Reporting Person. See Item 7 on the cover page for each Reporting Person. See Item 8 on the cover page for each Reporting Person. N Y Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Arena Investors, LP /s/ Tsering Lama 11/14/2025 Arena Investors GP, LLC /s/ Tsering Lama 11/14/2025 Arena SPV Manager, LLC /s/ Tsering Lama 11/14/2025 Helena Special Opportunities, LLC /s/ Tsering Lama 11/14/2025