Information Analysis Incorporated

12/17/2021

IAI announced that the company has converted to a Delaware corporation under the name WaveDancer, Inc. and will begin operating under that name. The company will trade under the NASDAQ ticker symbol “WAVD.” This rebranding strategy reflects an updated vision for the Company’s future which will center on blockchain-enabled mission-critical Software as a Service (“SaaS”) solutions. Along with this change, a newly redesigned company logo has been revealed and a new website www.wavedancer.com. As part of the company’s rebranding efforts, the company’s traditional government services business will be consolidated into Tellenger, Inc., the company’s subsidiary, and will be conducted under the Tellenger name. Please see press release details in the “news” section of our website.

12/14/2021

IAI announced it has closed the previously announced acquisition of Gray Matters, Inc (“Gray Matters”). The consideration at closing consisted of $7.5 million cash; deferred consideration of $1.5 million; and $1.5 million in IAI stock. The terms also include up to $4.0 million in additional consideration for achieving certain performance metrics in 2022. Gray Matters is a leader in blockchain and encryption algorithm technology and was founded to solve real-world problems through purpose-built innovation in secure Supply Chain Management (SCM) in United States intelligence, national security and diplomatic organizations. In the short time it has been in existence, the company has transformed how blockchain supports SCM; constructing a Zero Trust product to secure and monitor the lifecycle of mission-critical materials from manufacturing through destruction and recycling. Please see the related press release under the “News” section on IAI’s website www.infoa.com.

We specialize in modernization solutions for increased efficiencies and unlocking the value of existing legacy systems and assets.

12/14/2021

IAI announced it has obtained subscriptions for the sale of 3,289,525 Units at a price of $3.04 per Unit in a private investment in public equity financing (“PIPE”). Each Unit consists of a share of $0.01 par value common stock of the Company (“Common Stock”) and the right to receive a warrant exercisable for .20 shares of common stock which equates to one share for every five Units purchased. Each such warrant is exercisable commencing January 1, 2023 through December 31, 2026 at a price of $4.50 for each whole share. The price per Unit was determined using the 5-day Volume Weighted Average Price from November 26, 2021 to and including December 2, 2021. Proceeds will be used to fund acquisition of Gray Matters and Aggressive Growth of Blockchain-Based Secure Supply Chain Technology. Please see the related press release under the “News” section on IAI’s website www.infoa.com.

We specialize in modernization solutions for increased efficiencies and unlocking the value of existing legacy systems and assets.

11/24/2021

IAI recently announced that the Company's common stock has been approved for listing on The Nasdaq Capital Market. The Company anticipates trading to begin on November 26, 2021 under the ticker symbol “IAIC”. The Company's common stock will continue to trade on the OTC Markets quotation system on the OTCBB until trading commences on The Nasdaq Capital Market. "Uplisting to The Nasdaq Capital Market is another important milestone in IAI's transformation into a leading provider of Zero Trust technology to commercial and government customers and in our efforts to build long-term shareholder value," said Jamie Benoit, CEO of IAI. “Moving to the Nasdaq gives our shares exposure to a broader range of investors, improves the liquidity of our common stock, and enhances our Company’s profile.” Please see the related press release under the “News” section on IAI’s website.

11/24/2021

IAI recently entered into a definitive agreement, subject to customary closing conditions, to acquire Gray Matters, Inc (“Gray Matters”) in a combined cash and stock transaction valued at $10.5 million consisting of $7.5 million cash at close; deferred consideration of $1.5 million; and $1.5 million in IAI stock. The terms also include up to $4.0 million in additional consideration for achieving certain performance metrics in 2022. The parties anticipate closing no later than December 2021. Gray Matters is a leader in blockchain and encryption algorithm technology and was founded to solve real-world problems through innovation in secure Supply Chain Management (SCM) in United States intelligence, national security and diplomatic organizations. Gray Matters has operated in “stealth mode” since its inception. In that time-frame, the company has transformed how blockchain supports SCM; constructing a Zero Trust product to secure and monitor the lifecycle of mission-critical materials from manufacturing through destruction and recycling. Please see the related press release under the “News” section on IAI’s website.