secwatch.observer — SEC 8-K summary
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Issuer:     Datavault AI Inc. (DVLT)
CIK:        0001682149
Form:       8-K
Filed at:   2025-02-14T23:59:59+00:00
Accession:  0001104659-25-014230
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682149/000110465925014230/0001104659-25-014230-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682149/000110465925014230/tm256656d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-014230

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