---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-010608"
form_type: "8-K"
ticker: "DVLT"
cik: "0001682149"
company_name: "Datavault AI Inc."
filed_at: "2023-02-03T23:59:59+00:00"
generated_at: "2026-06-20T01:10:11.640007+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# WiSA raises $6.2M in registered direct offering and private placement; terminates ATM facility

## Summary
- Gross proceeds of ~$6.2M from offering of 583,306 shares (or pre-funded warrants) and private placement warrants for 874,959 shares.
- Combined effective price $10.68 per share (or pre-funded warrant) and warrant; warrants exercisable at $10.49 for five years.
- ATM equity distribution agreement terminated Jan 30, 2023; previously allowed up to $4M in at-the-market sales.
- Net proceeds: partially repay senior secured convertible note (at least 20%), plus working capital, capex, product development.

## SEC filing metadata
- accession: 0001104659-23-010608
- form_type: 8-K
- ticker: DVLT
- cik: 0001682149
- company_name: Datavault AI Inc.
- filed_at: 2023-02-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 2.04, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1682149/000110465923010608/0001104659-23-010608-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1682149/000110465923010608/tm235213d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-010608
- JSON: https://secwatch.observer/filing/0001104659-23-010608.json
- Plain text: https://secwatch.observer/filing/0001104659-23-010608.txt

## Key facts
- Material Agreements
  Datavault AI Inc. amended Amendment with certain institutional investors (the November Investor) (effective 2023-01-31).
  - Action: amendment
  - Agreement: equity purchase
  - Counterparty: certain institutional investors (the November Investor)
  - Effective: 2023-01-31
  source text: Also in connection with the offering, the Company entered into an amendment (the “Amendment”) to the securities purchase agreement, dated as of November 29, 2022, by and between the Company and certain institutional investors (the “November Purchase Agreement”) approved by a certain investor (the “November Investor”) who purchased at least 50.1% in interest of the shares of Common Stock and the pre-funded warrants to purchase shares of Common Stock, if any, based on the initial subscription amounts under the November Purchase Agreement, pursuant to Section 5.5 of the November Purchase Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1682149/000110465923010608/0001104659-23-010608-index.htm
- Material Agreements
  Datavault AI Inc. entered into Placement Agency Agreement with Maxim Group LLC (effective 2023-01-31).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Maxim Group LLC
  - Effective: 2023-01-31
  source text: Also in connection with the offering, on January 31, 2023, the Company entered into a placement agency agreement (the “Placement Agency Agreement”) with Maxim Group LLC (the “Placement Agent”), pursuant to which (i) the Placement Agent agreed to act as placement agent on a “best efforts” basis in connection with the offering and (ii) the Company agreed to pay the Placement Agent an aggregate fee equal to 8.0% of the gross proceeds raised in the offering.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1682149/000110465923010608/0001104659-23-010608-index.htm
- Material Agreements
  Datavault AI Inc. entered into Purchase Agreement with certain institutional investors (effective 2023-01-31).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain institutional investors
  - Effective: 2023-01-31
  source text: On January 31, 2023, WiSA Technologies, Inc., a Delaware corporation (the “Company”), entered into a securities purchase agreement (the “Purchase Agreement”) with certain institutional investors, pursuant to which the Company agreed to issue and sell to such investors (i) in a registered direct offering, 201,544 shares (the “Shares”) of common stock, par value $0.0001 per share (the “Common Stock”), of the Company, and pre-funded warrants (the “Pre-Funded Warrants”) to purchase up to 381,762 shares of Common Stock, at an exercise price of $0.0001 per share of Common Stock, and (ii) in a concurrent private placement, common stock purchase warrants (the “Private Placement Warrants”), exercisable for an aggregate of up to 874,959 shares of Common Stock, at an exercise price of $10.49 per share of Common Stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1682149/000110465923010608/0001104659-23-010608-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.