secwatch.observer — SEC 8-K summary
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Issuer:     Datavault AI Inc. (DVLT)
CIK:        0001682149
Form:       8-K
Filed at:   2024-01-23T23:59:59+00:00
Accession:  0001104659-24-005686
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WiSA Technologies raises $600K via $1M promissory notes with warrants for 10M shares
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- Gross proceeds $600,000 from $1,000,000 principal promissory notes (40% discount).
- Warrants for 10M shares at $0.1482, exercisable only after stockholder approval by March 4, 2024.
- Notes mature July 17, 2024 or earlier if Series B warrants exercised; no interest unless default.
- Company may prepay notes with 1-day notice; proceeds for working capital.
- Closing Jan 23, 2024; exempt under Rule 506(b) and Section 4(a)(2).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682149/000110465924005686/0001104659-24-005686-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682149/000110465924005686/tm243818d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-005686

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