Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Datavault AI Inc. incurred loan of $1,000,000 with four accredited investors maturing July 17, 2024.
- Instrument
- loan
- Principal
- $1,000,000
- Counterparty
- four accredited investors
- Maturity
- July 17, 2024
- Event
- incurrence
Exact text from the filing
On January 22, 2024, WiSA Technologies, Inc. (the “Company”) entered into a Securities Purchase Agreements (the “Purchase Agreements”), with each of four accredited investors (each an “Investor” and together the “Investors”), pursuant to which the Company agreed to issue to the Investors promissory notes in the aggregate principal amount of $1,000,000 (the “Promissory Note”)
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Datavault AI Inc. entered into Securities Purchase Agreements with four accredited investors valued at aggregate principal amount of $1,000,000 (effective 2024-01-22).
- Action
- entry
- Agreement
- equity purchase
- Counterparty
- four accredited investors
- Value
- aggregate principal amount of $1,000,000
- Effective
- 2024-01-22
Exact text from the filing
On January 22, 2024, WiSA Technologies, Inc. (the “Company”) entered into a Securities Purchase Agreements (the “Purchase Agreements”), with each of four accredited investors (each an “Investor” and together the “Investors”), pursuant to which the Company agreed to issue to the Investors promissory notes in the aggregate principal amount of $1,000,000 (the “Promissory Note”) and common stock purchase warrants (the “Warrants”) to purchase up to an aggregate of 10,000,000 shares (the “Warrant Shares”) of the Company’s common stock, $0.0001 par value per share (the “Common Stock”), at an exercise price of $0.1482 per share (the “Exercise Price”).
View on SEC.gov