secwatch.observer — SEC 8-K summary
======================================

Issuer:     Datavault AI Inc. (DVLT)
CIK:        0001682149
Form:       8-K
Filed at:   2023-12-06T23:59:59+00:00
Accession:  0001104659-23-123838
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WiSA Technologies Enters Warrant Inducement Agreements to Raise Up to $6.0 Million
--------------------------------------------------------------------------------

- Reduced exercise price of Series B Preferred Stock warrants to $35.72 per share from $55, exercisable until later of stockholder approval or Jan 15, 2025.
- Company to issue new common stock purchase warrants at $0.1482 per share, covering up to 200% of shares issuable upon conversion of preferred stock.
- Aggregate gross proceeds of up to approximately $6.0 million expected if all existing warrants exercised; proceeds for working capital and general corporate purposes.
- Engaged Maxim Group LLC as financial advisor; fee of 8% of gross proceeds from warrant exercises.
- Company agreed to file resale registration statement for new warrant shares within 45 days after stockholder approval.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682149/000110465923123838/0001104659-23-123838-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682149/000110465923123838/tm2332204d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-123838

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