secwatch.observer — SEC 8-K summary
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Issuer:     Datavault AI Inc. (DVLT)
CIK:        0001682149
Form:       8-K
Filed at:   2024-02-16T23:59:59+00:00
Accession:  0001104659-24-024893
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 3.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WiSA receives Nasdaq delisting notice; closes $10M public offering
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- Raised $10M gross via 153.84M units at $0.065/unit; warrants exercisable at $0.065 after stockholder approval.
- Nasdaq delisting notice received Feb 14, 2024, due to bid price ≤ $0.10 for 10 consecutive trading days.
- Company will appeal delisting to Nasdaq Hearings Panel; trading stay pending decision.
- Used ~$6.3M of proceeds to repurchase 62,657 shares of Series B Convertible Preferred Stock at $100/share.
- Previously disclosed non-compliance with minimum bid price ($1) and stockholders' equity ($2.5M) requirements.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682149/000110465924024893/0001104659-24-024893-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682149/000110465924024893/tm246483d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-024893

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