secwatch.observer — SEC 8-K summary
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Issuer:     Datavault AI Inc. (DVLT)
CIK:        0001682149
Form:       8-K
Filed at:   2023-05-17T23:59:59+00:00
Accession:  0001104659-23-061960
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WiSA Technologies raises ~$2.1M via warrant exercise inducement; issues new warrants
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682149/000110465923061960/0001104659-23-061960-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682149/000110465923061960/tm2316129-1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-061960

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