Datavault AI Inc. — fact timeline

Datavault AI Inc. entered into Initial Transaction Purchase Agreement with certain purchasers valued at aggregate gross proceeds of $750,000 (effective 2024-04-17).

“WiSA Technologies, Inc., a Delaware corporation (the “Company”), closed (the “Closing”) an offering with certain purchasers signatory to that certain securities purchase agreement dated April 17, 2024 (the “Initial Transaction Purchase Agreement”).”

Datavault AI Inc. entered into Placement Agency Agreement with Maxim Group LLC valued at aggregate fee equal to 6.0% of the gross proceeds raised in the Offerings (effective 2024-04-17).

“on April 17, 2024, the Company entered into a placement agency agreement (the “Placement Agency Agreement”) with Maxim Group LLC (the “Placement Agent”)”

Datavault AI Inc. entered into Purchase Agreement with certain purchasers valued at aggregate gross proceeds of approximately $750,000 (effective 2024-04-17).

“On April 17, 2024, WiSA Technologies, Inc., a Delaware corporation (the “Company”), entered into a securities purchase agreement (the “Purchase Agreement”) with certain purchasers”

Datavault AI Inc.: Amendment to certificate of incorporation to effect a one-for-one hundred fifty reverse stock split, effective April 12, 2024 (effective 2024-04-12).

“On April 12, 2024, the Company filed the Certificate of Amendment to effect the Reverse Stock Split, effective as of 5:00 p.m. Eastern Time on April 12, 2024 (the “Effective Time”).”

Datavault AI Inc. shareholders rejected Proposal 3 – The proposal to amend the Company’s certificate of incorporation to permit the Company’s board of the directors to amend the Company’s bylaws at the 2024-03-29 meeting.

“Proposal 3 – The proposal to amend the Company’s certificate of incorporation to permit the Company’s board of the directors to amend the Company’s bylaws, was not approved by the Company’s stockholders at the Reconvened Special Meeting. The final voting results were as follows: For Against Abstain 23,081,471 3,052,358 1,745,639 There were 7,399,964 broker non-votes for Proposal 3.”

Datavault AI Inc. reported the full year ended December 31, 2023 results: revenue in the range of $1.9 million to $2.1 million, net income in the range of $17.7 million to $19.7 million. Guidance initiated.

“Total revenue for the full year 2023 is expected to be in the range of $1.9 million to $2.1 million. The net loss for the full year 2023 is expected to be in the range of $17.7 million to $19.7 million as compared to a net loss of $16.2 million for the year 2022. The company has signed 3 licensing agreements with TV/PTV companies and expects that an additional 3 license agreements will be signed by the end of Q2'24.”

Datavault AI Inc.: Increased authorized shares from 220,000,000 to 320,000,000, with 300,000,000 classified as common stock (effective 2024-03-25).

“On March 25, 2024, the Company filed the Charter Amendment with the Secretary of State of the State of Delaware.”

Datavault AI Inc. entered into Warrant Amendment Agreement with certain holders (effective 2024-03-26).

“WiSA Technologies, Inc., a Delaware corporation (the “Company”), entered into a warrant amendment agreement (the “Warrant Amendment Agreement”), with certain holders (the “Holders”) of (i) certain common stock purchase warrants”

Datavault AI Inc. shareholders approved Proposal to amend the Company's 2018 Long-Term Stock Incentive Plan (LTIP) to increase the annual share limit of Common Stock that may be issued only for the 2024 fiscal year from 8% to 15% of shares outstanding at the 2024-03-15 meeting.

“Proposal 6 – The amendment to the Company’s 2018 Long-Term Stock Incentive Plan (the “LTIP”) to increase the annual share limit of Common Stock that may be issued only for the 2024 fiscal year under the LTIP from 8% of the shares of Common Stock outstanding to 15% of the shares of Common Stock outstanding, was approved by the Company’s stockholders at the Special Meeting. The final voting results were as follows: For Against Abstain 22,996,367 3,073,275 69,789 There were 7,507,620 broker non-votes for Proposal 6.”

Datavault AI Inc. shareholders approved Proposal to approve the issuance of 20% or more of the Company's outstanding shares of Common Stock upon exercise of common stock purchase warrants dated January 23, 2024, issued to the Holders by the Company pursuant to certain securities purchase agreements, for purposes of Nasdaq Rule 5635(d) at the 2024-03-15 meeting.

“Proposal 5 – The issuance of 20% or more of the Company’s outstanding shares of Common Stock upon exercise of the common stock purchase warrants, dated January 23, 2024, issued to the Holders by the Company pursuant to certain securities purchase agreements, dated as of January 22, 2024, by and between the Company and each Holder, for the purposes of Nasdaq Rule 5635(d), was approved by the Company’s stockholders at the Special Meeting. The final voting results were as follows: For Against Abstain 8,394,637 3,002,112 249,282 There were 7,507,620 broker non-votes for Proposal 5.”

Datavault AI Inc. shareholders approved Proposal to approve the issuance of 20% or more of the Company's outstanding shares of Common Stock upon exercise of common stock purchase warrants issued to certain holders of the Company's Series B Convertible Preferred Stock purchase warrants issued on October 17, 2023, for purposes of Nasdaq Rul at the 2024-03-15 meeting.

“Proposal 4 – The issuance of 20% or more of the Company’s outstanding shares of Common Stock upon exercise of the common stock purchase warrants, issued to certain holders (“Holders”) of the Company’s Series B Convertible Preferred Stock purchase warrants issued on October 17, 2023, for purposes of Rule 5635(d) of The Nasdaq Stock Market LLC (“Nasdaq”), was approved by the Company’s stockholders at the Special Meeting. The final voting results were as follows: For Against Abstain 8,431,549 2,981,423 233,059 There were 7,507,620 broker non-votes for Proposal 4.”

Datavault AI Inc. shareholders approved Proposal to amend the Certificate of Incorporation to authorize the Board to effect a reverse stock split of all outstanding shares of Common Stock, by a ratio in the range of one-for-five to one-for-one hundred and fifty, to be determined in the Board's sole discretion at the 2024-03-15 meeting.

“Proposal 2 – The proposal to amend the Certificate of Incorporation to authorize the Board to effect a reverse stock split of all outstanding shares of Common Stock, by a ratio in the range of one-for-five to one-for-one hundred and fifty, to be determined in the Board’s sole discretion, was approved by the Company’s stockholders at the Special Meeting. The final voting results were as follows: For Against Abstain 28,051,938 5,488,074 107,039”

Datavault AI Inc. shareholders approved Proposal to amend the Certificate of Incorporation to authorize the Board to increase share capital stock from 220,000,000 shares to 320,000,000 shares at the 2024-03-15 meeting.

“Proposal 1 – The proposal to amend the Company’s certificate of incorporation (the “Certificate of Incorporation”) to authorize the Company’s board of the directors (the “Board”) to increase the Company’s share capital stock from 220,000,000 shares to 320,000,000 shares, of which 300,000,000 shares shall be Common Stock, was approved by the Company’s stockholders at the Special Meeting. The final voting results were as follows: For Against Abstain 24,266,573 3,497,426 108,889 There were 5,774,163 broker non-votes for Proposal 1.”

Datavault AI Inc. received a nasdaq noncompliance notice notice regarding stockholders equity (rules 5550(b)(1)).

“November 17, 2023, the Staff notified the Company that it was not in compliance with Nasdaq Listing Rule 5550(b)(1), which requires companies listed on Nasdaq to maintain a minimum of $2,500,000 in stockholders’ equity for continued listing (the “Stockholders’ Equity Requirement”). The Company reported stockholders’ equity (deficit) of ($885,000) in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, and, as a result, did not satisfy the Stockholders’ Equity Requirement pursuant to Listing Rule 5550(b)(1). On February 14, 2024, the Company received notice (the “February”

Datavault AI Inc. received a nasdaq delisting notice notice regarding other (rules 5810(c)(3)(A)(iii)).

“February 14, 2024, the Company received notice (the “February 14 Letter”) from the Staff that the Staff had determined that as of February 14, 2024, the Company’s securities had a closing bid price of $0.10 or less for ten consecutive trading days triggering application of Listing Rule 5810(c)(3)(A)(iii) which states in part: if during any compliance period specified in Rule 5810(c)(3)(A), a company’s security has a closing bid price of $0.10 or less for ten consecutive trading days, the Listing Qualifications Department shall issue a Staff Delisting Determination under Rule 5810 with respect”

Datavault AI Inc. shareholders approved Ratification of BPM LLP as independent registered public accounting firm for fiscal year ending December 31, 2023 at the 2024-01-30 meeting.

“Proposal 2 – The appointment of BPM LLP as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2023 was ratified by the Company’s stockholders at the Annual Meeting.”

Datavault AI Inc. shareholders approved Election of eight directors to serve until 2024 annual meeting at the 2024-01-30 meeting.

“Proposal 1 – The eight (8) nominees named in the Proxy Statement were elected at the Annual Meeting to serve as the Company’s directors until the Company’s 2024 Annual Meeting of Stockholders and until each of their respective successors are elected and qualified or until each of their earlier resignation or removal.”

Datavault AI Inc. incurred loan of $1,000,000.

“four accredited investors (the “Investors”), pursuant to which the Company agreed to issue to the Investors, upon closing, promissory notes in the aggregate principal amount of $1,000,000 (the “Promissory Notes”) and common stock purchase warrants (the “Warrants”) to purchase up to an aggregate of 10,000,000 shares of the Company’s common stock, $0.0001 par value”

Datavault AI Inc. incurred loan of $1,000,000 with four accredited investors maturing July 17, 2024.

“On January 22, 2024, WiSA Technologies, Inc. (the “Company”) entered into a Securities Purchase Agreements (the “Purchase Agreements”), with each of four accredited investors (each an “Investor” and together the “Investors”), pursuant to which the Company agreed to issue to the Investors promissory notes in the aggregate principal amount of $1,000,000 (the “Promissory Note”)”

Datavault AI Inc. entered into Securities Purchase Agreements with four accredited investors valued at aggregate principal amount of $1,000,000 (effective 2024-01-22).

“On January 22, 2024, WiSA Technologies, Inc. (the “Company”) entered into a Securities Purchase Agreements (the “Purchase Agreements”), with each of four accredited investors (each an “Investor” and together the “Investors”), pursuant to which the Company agreed to issue to the Investors promissory notes in the aggregate principal amount of $1,000,000 (the “Promissory Note”) and common stock purchase warrants (the “Warrants”) to purchase up to an aggregate of 10,000,000 shares (the “Warrant Shares”) of the Company’s common stock, $0.0001 par value per share (the “Common Stock”), at an exercise price of $0.1482 per share (the “Exercise Price”).”

Datavault AI Inc. entered into Inducement Agreements with certain holders of the Company’s Series B Convertible Preferred Stock purchase warrants valued at up to approximately $6.0 million (effective 2023-12-05).

“On December 5, 2023, the Company entered into warrant inducement letter agreements (collectively, the “Inducement Agreements”) with certain holders of the Company’s Series B Convertible Preferred Stock purchase warrants exercisable for up to 168,972 shares of Series B Convertible Preferred Stock, par value $0.0001 per share (the “Preferred Stock”), issued pursuant to a public offering that closed on October 17, 2023 (the “Existing Warrants”).”

Datavault AI Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

“November 17, 2023, the Nasdaq Listing Qualifications staff (the “Staff”) notified WiSA Technologies, Inc. (the “Company”) that it was not in compliance with Nasdaq Listing Rule 5550(b)(1), which requires companies listed on the Nasdaq Capital Market (“Nasdaq”) to maintain a minimum of $2,500,000 in stockholders’ equity for continued listing (the “Stockholders’ Equity Requirement”). The Company reported stockholders’ equity (deficit) of ($885,000) in its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023, and, as a result, did not satisfy the Stockholders’ Equity Requirement”

Datavault AI Inc. reported the quarter ended September 30, 2023 results: revenue $0.8 million.

“audio with Dolby Atmos audio and Milan’s four up-firing speakers.” Moyer continued, “In Q3 2023, lower pricing on speakers drove sequential revenue growth, with sales of $0.8 million up over 81% vs. Q2 2023. While converting inventory to cash, the pricing incentives resulted in low margin sales. In addition, given the high customer interest and our strategic”

Datavault AI Inc.: Filed Certificate of Designation for Series B Convertible Preferred Stock establishing powers, preferences, rights and limitations (effective 2023-10-16).

“On October 16, 2023, the Company filed the Certificate of Designation with the Secretary of State of the State of Delaware to establish the powers, preferences and rights of the shares of the Series B Preferred Stock and the qualifications, limitations or restrictions thereof.”

Datavault AI Inc. entered into Securities Purchase Agreement with certain institutional investors (effective 2023-10-16).

“the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) dated October 16, 2023, with certain institutional investors signatory thereto”

Datavault AI Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).

“October 5, 2023, WiSA Technologies, Inc., a Delaware corporation (the “Company”), received a written notification (the “Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it was not in compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market, as set forth under Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”), because the closing bid price of the Company’s common stock, par value $0.0001 per share (the “Common Stock”), was below $1.00 per share for the previous”

Datavault AI Inc. incurred term loan of $650,000 with Meriwether Group Capital Hero Fund LP at 18% maturing November 7, 2023.

“Security Agreement, Meriwether have agreed to provide the Company with bridge financing (the “Bridge Financing”) in the form of a term loan in the original principal amount of $650,000, which term loan will be senior in priority to the Company’s present and future indebtedness. The term loan matures on November 7, 2023 (the “Maturity Date”), subject to further”

Datavault AI Inc. entered into Loan and Security Agreement with Meriwether Group Capital Hero Fund LP valued at $650,000 (effective 2023-09-08).

“On September 8, 2023 (the “Effective Date”), WiSA Technologies, Inc. (the “Company”) entered into that certain Loan and Security Agreement (the “Loan and Security Agreement”), by and among the Company and Meriwether Group Capital Hero Fund LP (“Meriwether”).”

Datavault AI Inc. entered into Waiver Agreement with the Purchasers (effective 2023-09-01).

“On September 1, 2023, the Company entered into a waiver agreement (the “Waiver Agreement”) with the Purchasers, whereby the Purchasers agreed to waive the prohibition on Variable Rate Transactions set forth in each Securities Purchase Agreement.”

Datavault AI Inc. reported Q2 2023 results: revenue $0.4 million. Guidance initiated.

“Q2 2023 Financial Highlights · Q2 2023 revenue was $0.4 million, compared to $0.9 million in Q2 2022 and $0.5 million in Q1 2023. · Q2 2023 gross margin as a percentage of sales was negative 47%, compared to 20% in Q2 2022 and negative”

Datavault AI Inc. entered into Inducement Letters with certain Exercising Holders valued at approximately $678,000 (effective 2023-07-26).

“On July 26, 2023, the Company entered into Inducement Letters with certain Exercising Holders pursuant to which the Company agreed to issue Inducement Warrants to purchase a number of shares of Common Stock equal to 100% of the number of shares of Common Stock received upon exercise of the Existing Warrants during the Inducement Period”

Datavault AI Inc. entered into Inducement Letters with holders of the Existing Warrants valued at approximately $2.1 million (effective 2023-05-15).

“on May 15, 2023, the Company entered into warrant exercise inducement offer letters (“Inducement Letters”) with holders of the Existing Warrants”

Datavault AI Inc. reported the quarter ended March 31, 2023 results: revenue $0.5 million. Guidance initiated.

“● Q1 2023 revenue was $0.5 million, compared to $0.6 million in Q1 2022 and $0.9 million in Q4 2022.”

Datavault AI Inc. entered into Inducement Letters with holders of the Existing Warrants (collectively, the “Exercising Holders”) (effective 2023-05-15).

“On May 15, 2023, the Company entered into warrant exercise inducement offer letters (“Inducement Letters”) with holders of the Existing Warrants (collectively, the “Exercising Holders”)”

Datavault AI Inc. reported a default on convertible notes of outstanding principal amount of a senior secured convertible note with institutional investor (August Investor).

“The Company intends to use a portion of the net proceeds of the offering to partially or fully repay the outstanding principal amount of a senior secured convertible note issued to an institutional investor (the “August Investor”) on August 15, 2022, as amended (the “Convertible Note”)”

Datavault AI Inc. entered into Purchase Agreement with certain institutional investors valued at aggregate gross proceeds of approximately $1.2 million (effective 2023-04-07).

“On April 12, 2023, WiSA Technologies, Inc., a Delaware corporation (the “Company”), consummated its previously reported offering with certain institutional investors, in which the Company issued and sold to such investors”

Datavault AI Inc. entered into Purchase Agreement with certain institutional investors valued at approximately $1.2 million (effective 2023-04-07).

“On April 7, 2023, WiSA Technologies, Inc., a Delaware corporation (the “Company”), entered into a securities purchase agreement (the “Purchase Agreement”) with certain institutional investors, pursuant to which the Company agreed to issue and sell to such investors (i) in a registered direct offering 743,066 shares (the “Shares”) of common stock, par value $0.0001 per share (the “Common Stock”), of the Company and (ii) in a concurrent private placement, common stock purchase warrants (the “Private Placement Warrants”), exercisable for an aggregate of up to 1,486,132 shares of Common Stock, at an exercise price of $1.41 per share of Common Stock.”

Datavault AI Inc. entered into Purchase Agreement with certain institutional investors valued at approximately $1.5 million (effective 2023-03-27).

“pursuant to that certain securities purchase agreement, dated March 27, 2023 (the "Purchase Agreement"), among the Company and such institutional investors. The Company received net combined proceeds of approximately $1.5 million”

Datavault AI Inc. entered into Purchase Agreement with certain institutional investors valued at approximately $1.80 million (effective 2023-03-27).

“On March 27, 2023, WiSA Technologies, Inc., a Delaware corporation (the “Company”), entered into a securities purchase agreement (the “Purchase Agreement”) with certain institutional investors”

Datavault AI Inc. received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

“. ̈ Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing. On March 20, 2023, the Nasdaq Listing Qualifications staff (the “Staff”) orally notified WiSA Technologies, Inc. (the “Company”) that it was not in compliance with Nasdaq Listing Rule 5550(b)(1), which requires companies listed on the Nasdaq Capital Market (“Nasdaq”) to maintain a minimum of $2,500,000 in stockholders’ equity for continued listing (the “Stockholders’ Equity Requirement”). The Company reported stockholders’ equity (deficit) of ($1,996,000) in its Annual Report on”

Datavault AI Inc. reported Q4 2022 results: revenue $0.9 million. Guidance initiated.

“Q4 2022 revenue was $0.9 million, compared to $2.0 million in Q4 2021 and $0.9 million in Q3 2022.”

Datavault AI Inc. amended Amendment with certain institutional investors (the November Investor) (effective 2023-01-31).

“Also in connection with the offering, the Company entered into an amendment (the “Amendment”) to the securities purchase agreement, dated as of November 29, 2022, by and between the Company and certain institutional investors (the “November Purchase Agreement”) approved by a certain investor (the “November Investor”) who purchased at least 50.1% in interest of the shares of Common Stock and the pre-funded warrants to purchase shares of Common Stock, if any, based on the initial subscription amounts under the November Purchase Agreement, pursuant to Section 5.5 of the November Purchase Agreement.”

Datavault AI Inc. entered into Placement Agency Agreement with Maxim Group LLC (effective 2023-01-31).

“Also in connection with the offering, on January 31, 2023, the Company entered into a placement agency agreement (the “Placement Agency Agreement”) with Maxim Group LLC (the “Placement Agent”), pursuant to which (i) the Placement Agent agreed to act as placement agent on a “best efforts” basis in connection with the offering and (ii) the Company agreed to pay the Placement Agent an aggregate fee equal to 8.0% of the gross proceeds raised in the offering.”

Datavault AI Inc. entered into Purchase Agreement with certain institutional investors (effective 2023-01-31).

“On January 31, 2023, WiSA Technologies, Inc., a Delaware corporation (the “Company”), entered into a securities purchase agreement (the “Purchase Agreement”) with certain institutional investors, pursuant to which the Company agreed to issue and sell to such investors (i) in a registered direct offering, 201,544 shares (the “Shares”) of common stock, par value $0.0001 per share (the “Common Stock”), of the Company, and pre-funded warrants (the “Pre-Funded Warrants”) to purchase up to 381,762 shares of Common Stock, at an exercise price of $0.0001 per share of Common Stock, and (ii) in a concurrent private placement, common stock purchase warrants (the “Private Placement Warrants”), exercisable for an aggregate of up to 874,959 shares of Common Stock, at an exercise price of $10.49 per share of Common Stock.”

Datavault AI Inc.: Certificate of incorporation amended to effect a 1-for-100 reverse stock split of common stock (effective 2023-01-26).

“On January 26, 2023, the Company filed the Certificate of Amendment to effect the Reverse Stock Split as of 5:00 p.m. Eastern Time on January 26, 2023 (the “Effective Time”).”

Datavault AI Inc. shareholders approved Approval of transactions contemplated by securities purchase agreement and related documents at the 2023-01-24 meeting.

“Proposal 3 – Stockholders approved the transactions contemplated by or in relation to that certain securities purchase agreement, entered into as of August 15, 2022, by and between the Company and the institutional investor party thereto (the “Purchase Agreement”), and the transaction documents related thereto, including, without limitation, for purposes of The Nasdaq Stock Market LLC Rule 5635(d), the issuance of 20% or more of our outstanding shares of Common Stock upon (i) conversion of the senior secured convertible note due August 15, 2024, as amended, (ii) exercise of the common stock purchase warrant, dated August 15, 2022, issued to such investor by the Company pursuant to the Purchase Agreement, and (iii) exercise of certain warrants issued in connection with a waiver received from certain provisions of the Purchase Agreement. The final voting results for Proposal 3 were as follows: For Against Abstain 35,257,952 4,775,817 5,439,986 There were 806,223 broker non-votes for Prop”

Datavault AI Inc. shareholders approved Amendments to 2018 Long-Term Stock Incentive Plan to increase annual share limit and permit quarterly calculations at the 2023-01-24 meeting.

“Proposal 2 – Stockholders approved certain amendments to the Company’s 2018 Long-Term Stock Incentive Plan (the “LTIP”) to: (i) increase the annual share limit of Common Stock that may be issued in any single fiscal year only for the 2023 fiscal year under the LTIP from 8% of the shares of Common Stock outstanding to 15% of the shares of Common Stock outstanding (which amount equates to the maximum amount that may be issued in the aggregate under the LTIP),; and (ii) permit immediately quarterly calculations based on the number of shares of Common Stock outstanding as of the first trading day of each fiscal quarter, rather than solely as of the first trading day of the fiscal year. The final voting results for Proposal 2 were as follows: For Against Abstain 33,070,432 7,035,733 5,367,590 There were 806,223 broker non-votes for Proposal 2.”

Datavault AI Inc. shareholders approved Amendment to certificate of incorporation to effect reverse stock split at ratio of one-for-five to one-for-one hundred at the 2023-01-24 meeting.

“Proposal 1 – Stockholders approved an amendment to the Company’s certificate of incorporation, as amended, to effect a reverse stock split of all outstanding shares of Common Stock by a ratio in the range of one-for-five to one-for-one hundred, to be determined in the the sole discretion of the Board of Directors of the Company. The final voting results with respect to Proposal 1 were as follows: For Against Abstain 43,066,485 3,201,097 12,396”

Datavault AI Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A), 5810(c)(3)(A)(iii), 5635(d)).

“January 18, 2023, the Company received notice (the “January 18 Letter”) from the Staff that the Staff had determined that as of January 18, 2023, the Company’s securities had a closing bid price of $0.10 or less for ten consecutive trading days triggering application of Listing Rule 5810(c)(3)(A)(iii) which states in part: if during any compliance period specified in Rule 5810(c)(3)(A), a company’s security has a closing bid price of $0.10 or less for ten consecutive trading days, the Listing Qualifications Department shall issue a Staff Delisting Determination under Rule 5810 with respect to”

Datavault AI Inc. received a nasdaq extension granted notice regarding minimum bid price (rules 5550(a)(2)).

“ination to a hearings panel. We can give no assurance that the Company will regain or demonstrate compliance by June 20, 2023. On December 21, 2022 the Company also received a letter from the Staff notifying the Company that the Staff has determined that the Company did not comply with Listing Rule 5635(d) because its recently closed public offering did not meet the Nasdaq definition of a public offering under Listing Rule IM-5635-3. The Staff’s determination was based on the significant discount to the “Minimum Price,” as defined in Nasdaq rules. Under Nasdaq rules, the Company has until Febr”