Summary by Futu AI
On February 12, 2024, Joseph Reda filed a Schedule 13G with the United States Securities and Exchange Commission (SEC), indicating a significant ownership stake in WiSA Technologies, Inc. According to the filing, Reda owns 5,820,000 common shares of WiSA Technologies, which represents 9.998% of the company's class of securities. The filing was made under Rule 13d-1(c) of the Securities Exchange Act of 1934, which is used by persons who have acquired more than 5% of a class of a company's equity securities and are not intending to change or influence the control of the issuer. The address of WiSA Technologies' principal executive offices is listed as 15268 NW Greenbrier Parkway, Beaverton, OR 97006. Reda's address is provided as 1324 Manor Circle, Pelham, NY 10803. The filing indicates that Reda has sole voting and dispositive power over the shares owned. This disclosure is part of the regulatory requirements for investors holding a significant percentage of a company's shares and is not indicative of an intent to change or influence the control of WiSA Technologies.