Datavault AI Inc. — fact timeline

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”

Datavault AI Inc. entered into Voting Agreements with certain investors (effective 2022-12-01).

“On December 1, 2022, the Company also entered into voting agreements with certain investors in the Offering (the “Voting Agreements”).”

Datavault AI Inc. entered into Warrant Agency Agreement with VStock Transfer, LLC (effective 2022-12-01).

“On December 1, 2022, the Company entered into a warrant agency agreement with the Company’s transfer agent, VStock Transfer, LLC, who is also acting as the warrant agent for the Company, setting forth the terms and conditions of the Warrants and Pre-Funded Warrants sold in the Offering (the “Warrant Agency Agreement”).”

Datavault AI Inc. entered into Placement Agency Agreement with Maxim Group LLC (effective 2022-11-29).

“on November 29, 2022, 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 “best efforts” basis in connection with the Offering.”

Datavault AI Inc. entered into Purchase Agreement with certain investors (effective 2022-11-29).

“On November 29, 2022, the Company entered into a securities purchase agreement (the “Purchase Agreement”) with certain investors.”

Datavault AI Inc. amended Sales Agreement Amendment with Maxim Group LLC (effective 2022-11-21).

“On November 21, 2022, the Company and Maxim entered into an agreement to amend the Sales Agreement (the “Sales Agreement Amendment”).”

Datavault AI Inc. amended Placement Agent Warrant Amendment with Maxim Group LLC (effective 2022-11-21).

“On November 21, 2022, the Company and the Placement Agent entered into an agreement to amend the Placement Agent Warrant (the “Placement Agent Warrant Amendment”).”

David M. Howitt was appointed as Director at Datavault AI Inc..

“On December 16, 2021, the board of directors (the “Board”) of Summit Wireless Technologies, Inc. (the “Company”), pursuant to its powers under the Company’s bylaws, appointed David M. Howitt as a member of the Board, thereby increasing the Board membership count to eight (8).”

Michael Howse resigned as Director at Datavault AI Inc..

“On August 16, 2021, Michael Howse notified Summit Wireless Technologies, Inc. (the “Company”) of his decision to resign from the Company’s board of directors (the “Board”), effective August 17, 2021.”