Datavault AI Inc. (DVLT): Nasdaq/NYSE listing notice — Nasdaq notifies WiSA of non-compliance with $2.5M equity rule; company claims regained compliance

Datavault AI Inc.

Nasdaq staff notified WiSA on March 20, 2023 of failure to meet $2.5M stockholders' equity requirement per Listing Rule 5550(b)(1).
Company reported stockholders' equity deficit of ($1,996,000) in its 2022 Form 10-K, triggering the deficiency.
WiSA believes compliance restored through February 2023 direct offering and subsequent reduction in warrant liabilities.
Nasdaq will reassess compliance at the Company's next periodic report; failure could lead to delisting.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Datavault AI Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

. ̈ Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On March 20, 2023, the Nasdaq Listing Qualifications staff (the “Staff”) orally notified WiSA Technologies, Inc. (the “Company”) that it was not in compliance with Nasdaq Listing Rule 5550(b)(1), which requires companies listed on the Nasdaq Capital Market (“Nasdaq”) to maintain a minimum of $2,500,000 in stockholders’ equity for continued listing (the “Stockholders’ Equity Requirement”). The Company reported stockholders’ equity (deficit) of ($1,996,000) in its Annual Report on

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Datavault AI Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-035196

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