---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-054982"
form_type: "8-K"
ticker: "DVLT"
cik: "0001682149"
company_name: "Datavault AI Inc."
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:32:59.761074+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# WiSA Technologies raises ~$2.4M in registered direct offering and private placement warrants

## Summary
- Closed on April 30, 2024; sold 418,845 shares at $5.73/share and warrants for 418,845 shares at $5.60.
- Gross proceeds approx. $2.4M; placement agent Maxim Group LLC earned 8% fee plus $50k expense reimbursement.
- Company must file resale registration statement for warrant shares by May 30, 2024.
- Stockholder meeting required by Sep 30, 2024 to approve alternative cashless exercise of warrants.
- 30-day lock-up on equity sales and 6-month ban on variable rate transactions, subject to Nasdaq compliance exception.

## SEC filing metadata
- accession: 0001104659-24-054982
- form_type: 8-K
- ticker: DVLT
- cik: 0001682149
- company_name: Datavault AI Inc.
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1682149/000110465924054982/0001104659-24-054982-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1682149/000110465924054982/tm2413007d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-054982
- JSON: https://secwatch.observer/filing/0001104659-24-054982.json
- Plain text: https://secwatch.observer/filing/0001104659-24-054982.txt

## Key facts
- Material Agreements
  Datavault AI Inc. entered into the Purchase Agreement with certain purchasers signatory to that certain securities purchase agreement dated April 26, 2024 valued at aggregate gross proceeds of approximately $2.4 million (effective 2024-04-30).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain purchasers signatory to that certain securities purchase agreement dated April 26, 2024
  - Value: aggregate gross proceeds of approximately $2.4 million
  - Effective: 2024-04-30
  source text: On April 30, 2024, WiSA Technologies, Inc. (the “Company”), closed (the “Closing”) an offering with certain purchasers signatory to that certain securities purchase agreement dated April 26, 2024 (the “Purchase Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1682149/000110465924054982/0001104659-24-054982-index.htm
- Material Agreements
  Datavault AI Inc. entered into the Placement Agency Agreement with Maxim Group LLC (the “Placement Agent”) valued at 8.0% of the gross proceeds raised in the Offerings (effective 2024-04-26).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Maxim Group LLC (the “Placement Agent”)
  - Value: 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”), 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/1682149/000110465924054982/0001104659-24-054982-index.htm

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