---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-061960"
form_type: "8-K"
ticker: "DVLT"
cik: "0001682149"
company_name: "Datavault AI Inc."
filed_at: "2023-05-17T23:59:59+00:00"
generated_at: "2026-06-14T22:28:16.042227+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 ~$2.1M via warrant exercise inducement; issues new warrants

## Summary
- Estimated gross proceeds of ~$2.1M from exercise of April Warrants (1,486,132 shares) by holders.
- Holders received new Inducement Warrants for 200% of exercised shares (approx. 2.97M) at $1.33 exercise price, expiring May 17, 2028.
- After exercise, no April Warrants remain; March Warrants for 1,674,414 shares at $1.91 still outstanding.
- New warrants callable at $0.50 per warrant if underlying shares registered or resalable under Rule 144.
- Maxim Group LLC acted as financial advisor; warrants issued in unregistered transaction under Rule 506(b).

## SEC filing metadata
- accession: 0001104659-23-061960
- form_type: 8-K
- ticker: DVLT
- cik: 0001682149
- company_name: Datavault AI Inc.
- filed_at: 2023-05-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 3.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1682149/000110465923061960/0001104659-23-061960-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1682149/000110465923061960/tm2316129-1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-061960
- JSON: https://secwatch.observer/filing/0001104659-23-061960.json
- Plain text: https://secwatch.observer/filing/0001104659-23-061960.txt

## Key facts
- Material Agreements
  Datavault AI Inc. entered into Inducement Letters with holders of the Existing Warrants valued at approximately $2.1 million (effective 2023-05-15).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: holders of the Existing Warrants
  - Value: approximately $2.1 million
  - Effective: 2023-05-15
  source text: on May 15, 2023, the Company entered into warrant exercise inducement offer letters (“Inducement Letters”) with holders of the Existing Warrants
  evidence_url: https://www.sec.gov/Archives/edgar/data/1682149/000110465923061960/0001104659-23-061960-index.htm

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