8-K
filed December 2, 2022, 6:59 PM ET
ticker DVLT
CIK 0001682149
other material
confidence high
sentiment neutral
materiality 0.75
WiSA Technologies closes $7.6M public offering of 54M units at $0.14/unit
Datavault AI Inc.
- Aggregate 50.4M units and 3.6M pre-funded units sold at $0.14 per unit (each unit includes 1 share + Series A and B warrants).
- Gross proceeds ~$7.6M before placement agent fees (8% of gross) and expenses.
- Proceeds partially repay convertible note; remainder for working capital, capex, product development.
- Warrants exercisable at $0.14/share, expire 5 years; pre-funded warrants at $0.001/share until fully exercised.
- August investor received ~5.36M additional warrants as waiver; shares underlying warrants require stockholder approval.
Key facts
Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Datavault AI Inc. entered into Voting Agreements with certain investors (effective 2022-12-01).
- Action
- entry
- Counterparty
- certain investors
- Effective
- 2022-12-01
Exact text from the filing
On December 1, 2022, the Company also entered into voting agreements with certain investors in the Offering (the “Voting Agreements”).
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Datavault AI Inc. entered into Purchase Agreement with certain investors (effective 2022-11-29).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- certain investors
- Effective
- 2022-11-29
Exact text from the filing
On November 29, 2022, the Company entered into a securities purchase agreement (the “Purchase Agreement”) with certain investors.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Datavault AI Inc. entered into Placement Agency Agreement with Maxim Group LLC (effective 2022-11-29).
- Action
- entry
- Agreement
- underwriting
- Counterparty
- Maxim Group LLC
- Effective
- 2022-11-29
Exact text from the filing
on November 29, 2022, the Company entered into a placement agency agreement (the “Placement Agency Agreement”) with Maxim Group LLC (the “Placement Agent”), pursuant to which the Placement Agent agreed to act as placement agent on a “best efforts” basis in connection with the Offering.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Datavault AI Inc. entered into Warrant Agency Agreement with VStock Transfer, LLC (effective 2022-12-01).
- Action
- entry
- Counterparty
- VStock Transfer, LLC
- Effective
- 2022-12-01
Exact text from the filing
On December 1, 2022, the Company entered into a warrant agency agreement with the Company’s transfer agent, VStock Transfer, LLC, who is also acting as the warrant agent for the Company, setting forth the terms and conditions of the Warrants and Pre-Funded Warrants sold in the Offering (the “Warrant Agency Agreement”).
View on SEC.gov
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