secwatch.observer — SEC 8-K summary
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Issuer:     Datavault AI Inc. (DVLT)
CIK:        0001682149
Form:       8-K
Filed at:   2023-09-05T23:59:59+00:00
Accession:  0001104659-23-097852
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WiSA Technologies grants existing investors right to participate in 90% of future financings through Sep 2024
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- On Sep 1, 2023, WiSA entered waiver agreement with purchasers from March and April 2023 securities purchase agreements.
- Purchasers waived prohibition on Variable Rate Transactions in exchange for participation right in subsequent financings.
- Participation right covers up to 90% of aggregate dollar value raised in any financing on or before Sep 1, 2024.
- Participation is allocated pro rata among purchasers based on their prior subscription amounts.
- Company must give notice at least 4 hours before pricing; purchasers have 2 hours to respond.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682149/000110465923097852/0001104659-23-097852-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682149/000110465923097852/tm2325414d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-097852

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