---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-062010"
form_type: "8-K"
ticker: "DVLT"
cik: "0001682149"
company_name: "Datavault AI Inc."
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T23:18:31.991043+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# WiSA raises ~$2.6M in registered direct offering and warrant placement

## Summary
- Sold 785,000 shares at $3.31/share and warrants for 785,000 shares at $3.18/share.
- Warrants are exercisable immediately for 5 years; alternative cashless exercise requires stockholder approval by Sept 30, 2024.
- Maxim Group LLC served as placement agent with 8% fee ($208K) plus $50K expense reimbursement.
- Company agreed to 30-day lock-up on share issuances and 6-month ban on variable rate transactions, with Nasdaq listing exception.
- Resale registration statement for warrant shares must be filed by May 30, 2024 and kept effective.

## SEC filing metadata
- accession: 0001104659-24-062010
- 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: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1682149/000110465924062010/0001104659-24-062010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1682149/000110465924062010/tm2414523d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-062010
- JSON: https://secwatch.observer/filing/0001104659-24-062010.json
- Plain text: https://secwatch.observer/filing/0001104659-24-062010.txt

## Key facts
- Material Agreements
  Datavault AI Inc. entered into Securities Purchase Agreement with Purchasers signatory to the Purchase Agreement valued at Aggregate gross proceeds of approximately $2.6 million for 785,000 shares of common stock at $3.31 p (effective 2024-05-13).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Purchasers signatory to the Purchase Agreement
  - Value: Aggregate gross proceeds of approximately $2.6 million for 785,000 shares of common stock at $3.31 p
  - Effective: 2024-05-13
  source text: On May 15, 2024, WiSA Technologies, Inc. (the “Company”), closed (the “Closing”) the offerings (the “Offerings”) pursuant to that certain securities purchase agreement dated May 13, 2024 (the “Purchase Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1682149/000110465924062010/0001104659-24-062010-index.htm
- Material Agreements
  Datavault AI Inc. entered into Placement Agency Agreement with Maxim Group LLC (the Placement Agent) valued at Placement agent fee of 8.0% of gross proceeds raised plus $50,000 expense reimbursement, acting on a (effective 2024-05-13).
  - Action: entry
  - Agreement: underwriting
  - Counterparty: Maxim Group LLC (the Placement Agent)
  - Value: Placement agent fee of 8.0% of gross proceeds raised plus $50,000 expense reimbursement, acting on a
  - 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/1682149/000110465924062010/0001104659-24-062010-index.htm

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