secwatch.observer — SEC 8-K summary
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Issuer:     Datavault AI Inc. (DVLT)
CIK:        0001682149
Form:       8-K
Filed at:   2023-03-29T23:59:59+00:00
Accession:  0001104659-23-038386
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.04, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WiSA Technologies raises ~$1.8M gross in registered direct offering and warrant private placement
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- Issued 837,209 shares at $2.15/share and warrants for 1,674,418 shares at $1.91 exercise price.
- Net proceeds ~$1.5M after fees; at least 20% of gross proceeds to repay August 2022 convertible note.
- Warrants immediately exercisable, expire in 5 years, may be exercised on cashless basis.
- Proceeds also for working capital, product development, sales/marketing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682149/000110465923038386/0001104659-23-038386-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682149/000110465923038386/tm2310821d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-038386

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