WiSA enters warrant exercise inducement agreements, issues new inducement warrants

Datavault AI Inc.

Existing warrant holders exercise for cash; receive inducement warrants at $1.33 exercise price.
Inducement warrants equal 200% of shares exercised, callable at $0.50, expire in 5 years.
Company agrees to file registration statement for inducement warrant shares within 30 days.
Inducement warrants subject to 4.99% beneficial ownership limitation (or up to 9.99% upon election).

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 Inducement Letters with holders of the Existing Warrants (collectively, the “Exercising Holders”) (effective 2023-05-15).

Action: entry
Agreement: equity purchase
Counterparty: holders of the Existing Warrants (collectively, the “Exercising Holders”)
Effective: 2023-05-15

Exact text from the filing

On May 15, 2023, the Company entered into warrant exercise inducement offer letters (“Inducement Letters”) with holders of the Existing Warrants (collectively, the “Exercising Holders”)

View on SEC.gov

Browse all material agreements →

Datavault AI Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-060552

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.