WiSA Technologies raises ~$1.8M in registered direct offering and private placement warrants

Datavault AI Inc.

Offering of 837,209 common shares and warrants for up to 1,674,418 shares at $1.91 exercise price.
Gross proceeds ~$1.8M; additional ~$3.2M if all warrants exercised for cash.
Net proceeds to partially repay August 2022 senior secured convertible note and for working capital.
Expected close March 29, 2023, subject to customary conditions.
Company must file resale registration statement within 45 days of closing.

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 Purchase Agreement with certain institutional investors valued at approximately $1.80 million (effective 2023-03-27).

Action: entry
Agreement: equity purchase
Counterparty: certain institutional investors
Value: approximately $1.80 million
Effective: 2023-03-27

Exact text from the filing

On March 27, 2023, WiSA Technologies, Inc., a Delaware corporation (the “Company”), entered into a securities purchase agreement (the “Purchase Agreement”) with certain institutional investors

View on SEC.gov

Browse all material agreements →

Datavault AI Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-037187

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.