secwatch.observer — SEC 8-K summary
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Issuer:     Datavault AI Inc. (DVLT)
CIK:        0001682149
Form:       8-K
Filed at:   2023-03-27T23:59:59+00:00
Accession:  0001104659-23-037187
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.04, 3.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682149/000110465923037187/0001104659-23-037187-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682149/000110465923037187/tm2310689-1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-037187

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