---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-052756"
form_type: "8-K"
ticker: "DVLT"
cik: "0001682149"
company_name: "Datavault AI Inc."
filed_at: "2024-04-26T23:59:59+00:00"
generated_at: "2026-06-03T06:32:38.116663+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# WiSA Technologies raises $2.4M in offering + warrants; special meeting for reverse split

## Summary
- Gross proceeds ~$2.4M from 418,845 shares at $5.73 and warrants exercisable at $5.60; closing expected April 30, 2024.
- Maxim Group LLC acting as placement agent with 8% fee; 30-day lock-up on share issuance, 6-month ban on variable rate deals.
- Special meeting on May 13, 2024 seeks approval for reverse split, bylaw amendment, and issuance of shares upon warrant exercises.
- Due to April 12 reverse split, existing warrants now exercisable for 7,139,468 shares at $1.83, subject to stockholder approval.
- Shareholder letter introduces 'Propel' program focusing on WiSA E licensing, revenue growth, and path to profitability.

## SEC filing metadata
- accession: 0001104659-24-052756
- form_type: 8-K
- ticker: DVLT
- cik: 0001682149
- company_name: Datavault AI Inc.
- filed_at: 2024-04-26T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1682149/000110465924052756/0001104659-24-052756-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1682149/000110465924052756/tm2412837d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-052756
- JSON: https://secwatch.observer/filing/0001104659-24-052756.json
- Plain text: https://secwatch.observer/filing/0001104659-24-052756.txt

## Key facts
- Material Agreements
  Datavault AI Inc. entered into Placement Agency Agreement with Maxim Group LLC valued at aggregate fee equal to 8.0% of the gross proceeds raised in the Offerings (effective 2024-04-26).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Maxim Group LLC
  - Value: aggregate fee equal to 8.0% of the gross proceeds raised in the Offerings
  - Effective: 2024-04-26
  source text: on April 26, 2024, the Company entered into a placement agency agreement (the “Placement Agency Agreement”) with Maxim Group LLC (the “Placement Agent”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1682149/000110465924052756/0001104659-24-052756-index.htm
- Material Agreements
  Datavault AI Inc. entered into Purchase Agreement with certain purchasers valued at aggregate gross proceeds of approximately $2,400,000 (effective 2024-04-26).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain purchasers
  - Value: aggregate gross proceeds of approximately $2,400,000
  - Effective: 2024-04-26
  source text: On April 26, 2024, WiSA Technologies, Inc., a Delaware corporation (the “Company”), entered into a securities purchase agreement (the “Purchase Agreement”) with certain purchasers
  evidence_url: https://www.sec.gov/Archives/edgar/data/1682149/000110465924052756/0001104659-24-052756-index.htm

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