secwatch.observer — SEC 8-K summary
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Issuer:     Datavault AI Inc. (DVLT)
CIK:        0001682149
Form:       8-K
Filed at:   2023-09-08T23:59:59+00:00
Accession:  0001104659-23-099375
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WiSA Technologies enters $650K bridge loan with Meriwether Group at 18% interest
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- Term loan principal $650,000, matures Nov 7, 2023; extendable to Dec 7, 2023 with $20k fee.
- Interest rate 18% per annum; default rate 24%. Origination fee $50k, exit fee $50k.
- Loan secured by first priority security interest on all assets and proceeds from pending equity raise (S-1 filed Sep 1, 2023).
- Proceeds used for working capital to support business expansion and equity raise.
- Loan includes customary covenants and events of default; default interest rate 24%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682149/000110465923099375/0001104659-23-099375-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682149/000110465923099375/tm2325784d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-099375

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