Datavault AI Inc. (DVLT): debt financing — WiSA Technologies raises $600k via $1M promissory notes and 10M share warrants

Datavault AI Inc.

Closed private placement on Jan 23, 2024 with four accredited investors for $600k cash.
Issued $1M aggregate principal promissory notes and warrants to purchase up to 10M shares of common stock.
Proceeds from the offering will be used for working capital and general corporate purposes.
Terms of the notes and warrants are incorporated by reference from prior Form 8-K filed Jan 23, 2024.

item 1.01 item 2.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.7

Datavault AI Inc. incurred loan of $1,000,000.

Instrument: loan
Principal: $1,000,000
Event: incurrence

Exact text from the filing

four accredited investors (the “Investors”), pursuant to which the Company agreed to issue to the Investors, upon closing, promissory notes in the aggregate principal amount of $1,000,000 (the “Promissory Notes”) and common stock purchase warrants (the “Warrants”) to purchase up to an aggregate of 10,000,000 shares of the Company’s common stock, $0.0001 par value

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Datavault AI Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-006498

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