secwatch.observer — SEC 8-K summary
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Issuer:     Datavault AI Inc. (DVLT)
CIK:        0001682149
Form:       8-K
Filed at:   2022-12-02T23:59:59+00:00
Accession:  0001104659-22-124088
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.04, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WiSA Technologies closes $7.6M public offering of 54M units at $0.14/unit
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682149/000110465922124088/0001104659-22-124088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682149/000110465922124088/tm2231839d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-124088

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer