---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-110168"
form_type: "8-K"
ticker: "DVLT"
cik: "0001682149"
company_name: "Datavault AI Inc."
filed_at: "2023-10-19T23:59:59+00:00"
generated_at: "2026-06-09T20:55:26.882178+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# WiSA Technologies closes $4.8M public offering of Series B Preferred and warrants

## Summary
- Gross proceeds ~$4.8M from 87,000 Units at $55/Unit; each Unit has one Series B Preferred share and two warrants.
- Series B Preferred: 20% PIK dividend, convertible at $0.4147, mandatory redemption at $100/share after 2 years.
- Used ~$2.3M of proceeds to repurchase 4.65M existing warrants at $0.50 each.
- Maxim Group acted as placement agent with 8% cash fee (5% for certain investors); 45% OID on Series B Preferred.
- Preferred shares have no voting rights; warrants exercisable at $55 for 2 years; no trading market expected.

## SEC filing metadata
- accession: 0001104659-23-110168
- form_type: 8-K
- ticker: DVLT
- cik: 0001682149
- company_name: Datavault AI Inc.
- filed_at: 2023-10-19T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1682149/000110465923110168/0001104659-23-110168-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1682149/000110465923110168/tm2328752d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-110168
- JSON: https://secwatch.observer/filing/0001104659-23-110168.json
- Plain text: https://secwatch.observer/filing/0001104659-23-110168.txt

## Key facts
- Governance Changes
  Datavault AI Inc.: Filed Certificate of Designation for Series B Convertible Preferred Stock establishing powers, preferences, rights and limitations (effective 2023-10-16).
  - Change: charter amendment
  - Effective: 2023-10-16
  source text: On October 16, 2023, the Company filed the Certificate of Designation with the Secretary of State of the State of Delaware to establish the powers, preferences and rights of the shares of the Series B Preferred Stock and the qualifications, limitations or restrictions thereof.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1682149/000110465923110168/0001104659-23-110168-index.htm
- Material Agreements
  Datavault AI Inc. entered into Securities Purchase Agreement with certain institutional investors (effective 2023-10-16).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain institutional investors
  - Effective: 2023-10-16
  source text: the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) dated October 16, 2023, with certain institutional investors signatory thereto
  evidence_url: https://www.sec.gov/Archives/edgar/data/1682149/000110465923110168/0001104659-23-110168-index.htm

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