secwatch.observer — SEC 8-K summary
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Issuer:     Datavault AI Inc. (DVLT)
CIK:        0001682149
Form:       8-K
Filed at:   2023-04-12T23:59:59+00:00
Accession:  0001104659-23-044686
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.04, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682149/000110465923044686/0001104659-23-044686-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682149/000110465923044686/tm2312593d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-044686

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