---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-061762"
form_type: "8-K"
ticker: "DVLT"
cik: "0001682149"
company_name: "Datavault AI Inc."
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T23:18:27.765627+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 by issuing 675K shares at $3.61 and warrants

## Summary
- Issues 675,000 shares at $3.61 per share in registered direct offering; concurrent private placement of warrants for 675,000 shares at $3.48 exercise price.
- Gross proceeds approximately $2.4 million; closing expected May 17, 2024.
- Enters placement agency agreement with Maxim Group LLC; pays 8% fee plus $50,000 expense reimbursement.
- Agrees to hold stockholder meeting by Sept 30, 2024 to approve alternative cashless exercise feature of warrants.
- Amends filing deadline for prior registration statement on Form S-1 to June 14, 2024.

## SEC filing metadata
- accession: 0001104659-24-061762
- form_type: 8-K
- ticker: DVLT
- cik: 0001682149
- company_name: Datavault AI Inc.
- filed_at: 2024-05-15T23:59:59+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
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1682149/000110465924061762/0001104659-24-061762-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1682149/000110465924061762/tm2414523d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-061762
- JSON: https://secwatch.observer/filing/0001104659-24-061762.json
- Plain text: https://secwatch.observer/filing/0001104659-24-061762.txt

## Key facts
- Material Agreements
  Datavault AI Inc. entered into Placement Agency Agreement with Maxim Group LLC valued at 8.0% of the gross proceeds raised in the Offerings and $50,000 expense reimbursement (effective 2024-05-15).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Maxim Group LLC
  - Value: 8.0% of the gross proceeds raised in the Offerings and $50,000 expense reimbursement
  - Effective: 2024-05-15
  source text: In connection with the Offerings, on May 15, 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/1682149/000110465924061762/0001104659-24-061762-index.htm
- Material Agreements
  Datavault AI Inc. entered into Securities Purchase Agreement with certain purchasers valued at aggregate gross proceeds of approximately $2,437,000 (effective 2024-05-15).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain purchasers
  - Value: aggregate gross proceeds of approximately $2,437,000
  - Effective: 2024-05-15
  source text: On May 15, 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, 675,000 shares (the “Shares”) of common stock, par value $0.0001 per share (the “Common Stock”), of the Company, at an offering price of $3.61 per share, and (b) in a concurrent private placement, common stock purchase warrants (the “Warrants”) exercisable for an aggregate of up to 675,000 shares of Common Stock, at an exercise price of $3.48 per share (the “Warrant Shares”), for aggregate gross proceeds of approximately $2,437,000 (such offerings, the “Offerings”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1682149/000110465924061762/0001104659-24-061762-index.htm

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