secwatch.observer — SEC 8-K summary
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Issuer:     Datavault AI Inc. (DVLT)
CIK:        0001682149
Form:       8-K
Filed at:   2024-05-17T23:59:59+00:00
Accession:  0001104659-24-062986
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WiSA raises $2.4M via registered direct offering and private placement warrants
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- Sold 675,000 shares at $3.61/share and warrants for 675,000 shares at $3.48 exercise price.
- Gross proceeds of approximately $2.4 million; warrants exercisable immediately for 5 years.
- Company agrees to file resale registration statement by June 14, 2024 and hold shareholder meeting by Sep 30, 2024.
- Lock-up on share issuance for 30 days; no variable rate transactions for 6 months unless needed for Nasdaq compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682149/000110465924062986/0001104659-24-062986-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682149/000110465924062986/tm2414773d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-062986

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