---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-050573"
form_type: "8-K"
ticker: "DVLT"
cik: "0001682149"
company_name: "Datavault AI Inc."
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T12:02:16.188770+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# WiSA closes ~$1.9M registered direct offering and private placement of stock and warrants

## Summary
- Issued 361,904 shares at $5.25/share and warrants to purchase up to 542,856 shares at $5.06/share.
- Gross proceeds of approximately $1.9 million from the combined offerings.
- Warrants are exercisable immediately, expire in 5 years; alternative cashless exercise requires stockholder approval.
- Warrant amendment for existing April 19 warrants also conditions alternative cashless exercise on stockholder approval.

## SEC filing metadata
- accession: 0001104659-24-050573
- form_type: 8-K
- ticker: DVLT
- cik: 0001682149
- company_name: Datavault AI Inc.
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 3.3, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1682149/000110465924050573/0001104659-24-050573-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1682149/000110465924050573/tm2412342d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-050573
- JSON: https://secwatch.observer/filing/0001104659-24-050573.json
- Plain text: https://secwatch.observer/filing/0001104659-24-050573.txt

## Key facts
- Material Agreements
  Datavault AI Inc. entered into Securities Purchase Agreement with certain purchasers valued at Registered direct offering of 361,904 shares at $5.25 per share and concurrent private placement of (effective 2024-04-19).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain purchasers
  - Value: Registered direct offering of 361,904 shares at $5.25 per share and concurrent private placement of
  - Effective: 2024-04-19
  source text: On April 23, 2024, the Company closed (the “Closing”) an offering with certain purchasers signatory to that certain securities purchase agreement dated April 19, 2024 (the “Purchase Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1682149/000110465924050573/0001104659-24-050573-index.htm
- Material Agreements
  Datavault AI Inc. entered into Placement Agency Agreement with Maxim Group LLC valued at Placement agent on reasonable best efforts basis; fee of 8.0% of gross proceeds; expense reimburseme (effective 2024-04-19).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Maxim Group LLC
  - Value: Placement agent on reasonable best efforts basis; fee of 8.0% of gross proceeds; expense reimburseme
  - Effective: 2024-04-19
  source text: on April 19, 2024, the Company entered into a placement agency agreement (the “Placement Agency Agreement”) with Maxim Group LLC (the “Placement Agent”), pursuant to which the Placement Agent agreed to act as placement agent on a “reasonable best efforts” basis in connection with the Offerings.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1682149/000110465924050573/0001104659-24-050573-index.htm

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