---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-044686"
form_type: "8-K"
ticker: "DVLT"
cik: "0001682149"
company_name: "Datavault AI Inc."
filed_at: "2023-04-12T23:59:59+00:00"
generated_at: "2026-06-17T03:09:30.598563+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# WiSA Technologies raises $1.2M via equity offering and warrants; partly to repay convertible note

## Summary
- Closed registered direct offering of 743,066 shares and private placement warrants for 1,486,132 shares at $1.41 exercise price.
- Gross proceeds of ~$1.2M; additional ~$2.1M if all warrants exercised for cash.
- At least 20% of gross proceeds required to repay senior secured convertible note from August 2022.
- Remaining proceeds for working capital, capex, product development, and sales/marketing.
- Warrants immediately exercisable, expire 5 years from issuance.

## SEC filing metadata
- accession: 0001104659-23-044686
- form_type: 8-K
- ticker: DVLT
- cik: 0001682149
- company_name: Datavault AI Inc.
- filed_at: 2023-04-12T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.04, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1682149/000110465923044686/0001104659-23-044686-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1682149/000110465923044686/tm2312593d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-044686
- JSON: https://secwatch.observer/filing/0001104659-23-044686.json
- Plain text: https://secwatch.observer/filing/0001104659-23-044686.txt

## Key facts
- Debt Financings
  Datavault AI Inc. reported a default on convertible notes of outstanding principal amount of a senior secured convertible note with institutional investor (August Investor).
  - Instrument: convertible notes
  - Principal: outstanding principal amount of a senior secured convertible note
  - Counterparty: institutional investor (August Investor)
  - Event: default
  source text: The Company intends to use a portion of the net proceeds of the offering to partially or fully repay the outstanding principal amount of a senior secured convertible note issued to an institutional investor (the “August Investor”) on August 15, 2022, as amended (the “Convertible Note”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1682149/000110465923044686/0001104659-23-044686-index.htm
- Material Agreements
  Datavault AI Inc. entered into Purchase Agreement with certain institutional investors valued at aggregate gross proceeds of approximately $1.2 million (effective 2023-04-07).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain institutional investors
  - Value: aggregate gross proceeds of approximately $1.2 million
  - Effective: 2023-04-07
  source text: On April 12, 2023, WiSA Technologies, Inc., a Delaware corporation (the “Company”), consummated its previously reported offering with certain institutional investors, in which the Company issued and sold to such investors
  evidence_url: https://www.sec.gov/Archives/edgar/data/1682149/000110465923044686/0001104659-23-044686-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.