secwatch.observer — SEC 8-K summary
======================================

Issuer:     Datavault AI Inc. (DVLT)
CIK:        0001682149
Form:       8-K
Filed at:   2024-04-19T23:59:59+00:00
Accession:  0001104659-24-049409
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682149/000110465924049409/0001104659-24-049409-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682149/000110465924049409/tm2412228-3_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-049409

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