secwatch.observer — SEC 8-K summary
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Issuer:     Datavault AI Inc. (DVLT)
CIK:        0001682149
Form:       8-K
Filed at:   2023-02-03T23:59:59+00:00
Accession:  0001104659-23-010608
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.04, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682149/000110465923010608/0001104659-23-010608-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682149/000110465923010608/tm235213d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-010608

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