secwatch.observer — SEC 8-K summary
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Issuer:     Datavault AI Inc. (DVLT)
CIK:        0001682149
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001104659-24-054982
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682149/000110465924054982/0001104659-24-054982-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682149/000110465924054982/tm2413007d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-054982

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