---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-060435"
form_type: "8-K"
ticker: "DVLT"
cik: "0001682149"
company_name: "Datavault AI Inc."
filed_at: "2024-05-13T23:59:59+00:00"
generated_at: "2026-06-02T02:26:14.941617+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "medium"
source: SEC EDGAR
---

# WiSA Technologies raises ~$2.6M via registered direct offering and reports preliminary Q1 net income of $1.7M-$3.7M

## Summary
- Entered securities purchase agreement for registered direct offering of 785,000 shares at $3.31/share and warrants for 785,000 shares at $3.18, gross proceeds ~$2.6M.
- Offering expected to close May 15, 2024; placement agent Maxim Group LLC receives 8% fee.
- Preliminary Q1 2024 net income expected between $1.7M and $3.7M vs net loss of $0.92M in Q1 2023.
- Net income increase driven by change in fair value of warrant liabilities and absence of inventory reserve impact.
- Company to hold stockholder meeting by Sept 30, 2024 to approve alternative cashless exercise feature of warrants.

## SEC filing metadata
- accession: 0001104659-24-060435
- form_type: 8-K
- ticker: DVLT
- cik: 0001682149
- company_name: Datavault AI Inc.
- filed_at: 2024-05-13T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: medium
- sec_items: 1.01, 2.02, 3.02, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1682149/000110465924060435/0001104659-24-060435-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1682149/000110465924060435/tm2414147d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-060435
- JSON: https://secwatch.observer/filing/0001104659-24-060435.json
- Plain text: https://secwatch.observer/filing/0001104659-24-060435.txt

## Key facts
- Earnings Releases
  Datavault AI Inc. reported the quarter ended March 31, 2024 results: net income between $1.7 million and $3.7 million.
  - Period: the quarter ended March 31, 2024
  - Net income: between $1.7 million and $3.7 million
  - Result: preliminary results
  source text: For the quarter ended March 31, 2024, the Company’s net income (loss) is expected to be between $1.7 million and $3.7 million, as compared to net income (loss) of approximately $(921,000) for the prior-year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1682149/000110465924060435/0001104659-24-060435-index.htm
- Material Agreements
  Datavault AI Inc. entered into Placement Agency Agreement with Maxim Group LLC valued at 8.0% of the gross proceeds (effective 2024-05-13).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Maxim Group LLC
  - Value: 8.0% of the gross proceeds
  - Effective: 2024-05-13
  source text: In connection with the Offerings, on May 13, 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/1682149/000110465924060435/0001104659-24-060435-index.htm
- Material Agreements
  Datavault AI Inc. entered into Purchase Agreement with certain purchasers valued at approximately $2,600,000 (effective 2024-05-13).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain purchasers
  - Value: approximately $2,600,000
  - Effective: 2024-05-13
  source text: On May 13, 2024, WiSA Technologies, Inc., a Delaware corporation (the “Company”), entered into a securities purchase agreement (the “Purchase Agreement”) with certain purchasers, pursuant to which the Company agreed to issue and sell to such purchasers (a) in a registered direct offering, 785,000 shares (the “Shares”) of common stock, par value $0.0001 per share (the “Common Stock”), of the Company, at an offering price of $3.31 per share, and (b) in a concurrent private placement, common stock purchase warrants (the “Warrants”) exercisable for an aggregate of up to 785,000 shares of Common Stock, at an exercise price of $3.18 per share (the “Warrant Shares”), for aggregate gross proceeds of approximately $2,600,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1682149/000110465924060435/0001104659-24-060435-index.htm

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