Summary by Futu AI
On April 17, 2024, WiSA Technologies, Inc., a Delaware corporation, announced the entry into a securities purchase agreement with certain purchasers. The agreement includes a registered direct offering of 225,834 shares of common stock at $3.321 per share and a concurrent private placement of common stock purchase warrants exercisable for up to 225,834 shares at $3.196 per share, aiming for aggregate gross proceeds of approximately $750,000. The offerings are expected to close on April 19, 2024, subject to standard closing conditions. The warrants will be immediately exercisable and will expire five years from the issuance date. WiSA Technologies has agreed to certain conditions, including a 30-day restriction on the sale of its common stock post-offering and a six-month ban on issuing securities that would constitute a Variable...Show More