Datavault AI raises $5.4M in registered direct offering, changes name from WiSA Technologies

Datavault AI Inc.

Gross proceeds of ~$5.4M from sale of 4,757,126 shares and warrants at $1.14 per unit.
Warrants exercisable immediately at $1.14/share expire in 5 years with cashless exercise option.
Company changed name from WiSA Technologies to Datavault AI Inc. on February 13, 2025.
Maxim Group acted as placement agent; earned 7% fee and warrants for 475,713 shares at $1.425.
Subject to 30-day lockup on equity issuances and 4-month variable rate transaction prohibition.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Datavault AI Inc.: Changed company name to Datavault AI Inc. via Certificate of Amendment to Certificate of Incorporation (effective 2025-02-13).

Change: charter amendment
Effective: 2025-02-13

Exact text from the filing

On February 13, 2025, WiSA Technologies, Inc. filed a Certificate of Amendment to its Certificate of Incorporation with the Secretary of State of the State of Delaware to change its name to "Datavault AI Inc."

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Datavault AI Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-014230

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