---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-049409"
form_type: "8-K"
ticker: "DVLT"
cik: "0001682149"
company_name: "Datavault AI Inc."
filed_at: "2024-04-19T23:59:59+00:00"
generated_at: "2026-06-03T16:11:36.175940+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# WiSA raises $2.65M in two equity and warrant offerings; second closing on Apr 23

## Summary
- Initial transaction closed Apr 19: 225,834 shares at $3.321/sh + warrants for 225,834 shares at $3.196; gross $750k.
- Second transaction entered Apr 19, expected close Apr 23: 361,904 shares at $5.25/sh + warrants for 542,856 shares at $5.06; gross ~$1.9M.
- Warrants have alternative cashless exercise feature subject to stockholder approval by Sept 30, 2024.
- Company agreed to 30-day lock-up for second transaction; no variable rate transactions for 6 months unless needed for Nasdaq listing.
- Maxim Group acted as placement agent for second offering; 8% fee + $50k expense reimbursement.

## SEC filing metadata
- accession: 0001104659-24-049409
- form_type: 8-K
- ticker: DVLT
- cik: 0001682149
- company_name: Datavault AI Inc.
- filed_at: 2024-04-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1682149/000110465924049409/0001104659-24-049409-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1682149/000110465924049409/tm2412228-3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-049409
- JSON: https://secwatch.observer/filing/0001104659-24-049409.json
- Plain text: https://secwatch.observer/filing/0001104659-24-049409.txt

## Key facts
- Material Agreements
  Datavault AI Inc. entered into Initial Transaction Purchase Agreement with certain purchasers valued at aggregate gross proceeds of $750,000 (effective 2024-04-17).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain purchasers
  - Value: aggregate gross proceeds of $750,000
  - Effective: 2024-04-17
  source text: WiSA Technologies, Inc., a Delaware corporation (the “Company”), closed (the “Closing”) an offering with certain purchasers signatory to that certain securities purchase agreement dated April 17, 2024 (the “Initial Transaction Purchase Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1682149/000110465924049409/0001104659-24-049409-index.htm
- Material Agreements
  Datavault AI Inc. entered into Second Transaction Purchase Agreement with certain purchasers valued at aggregate gross proceeds of approximately $1.9 million (effective 2024-04-19).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain purchasers
  - Value: aggregate gross proceeds of approximately $1.9 million
  - Effective: 2024-04-19
  source text: On April 19, 2024, the Company entered into a securities purchase agreement (the “Second Transaction Purchase Agreement”) with certain purchasers, pursuant to which the Company agreed to issue and sell to such purchasers (a) in a registered direct offering, 361,904 shares (the “Second Transaction Shares”) of Common Stock, at an offering price of $5.250 per share, and (b) in a concurrent private placement, common stock purchase warrants (the “Second Transaction Warrants”) exercisable for an aggregate of up to 542,856 shares of Common Stock, at an exercise price of $5.06 per share (the “Second Transaction Warrant Shares”), for aggregate gross proceeds of approximately $1.9 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1682149/000110465924049409/0001104659-24-049409-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.