WiSA Technologies, Inc. has announced its plans for a special meeting of stockholders to be held on May 13, 2024, with a record date of March 27, 2024. The meeting will address proposals detailed in the Definitive Proxy Statement filed on April 17, 2024. Additionally, the company has clarified that the share count disclosed in the Proxy Statement reflects the effects of a reverse stock split executed on April 12, 2024. WiSA Technologies has also engaged Lioness Consulting LLC for proxy solicitation services for the meeting. Furthermore, the company has entered into a securities purchase agreement on April 26, 2024, for a registered direct offering and concurrent private placement of common stock and warrants, expected to close on April 30, 2024, with gross proceeds of approximately $2.4 million. The warrants will be exercisable...Show More

WiSA Technologies, Inc. has announced its plans for a special meeting of stockholders to be held on May 13, 2024, with a record date of March 27, 2024. The meeting will address proposals detailed in the Definitive Proxy Statement filed on April 17, 2024. Additionally, the company has clarified that the share count disclosed in the Proxy Statement reflects the effects of a reverse stock split executed on April 12, 2024. WiSA Technologies has also engaged Lioness Consulting LLC for proxy solicitation services for the meeting. Furthermore, the company has entered into a securities purchase agreement on April 26, 2024, for a registered direct offering and concurrent private placement of common stock and warrants, expected to close on April 30, 2024, with gross proceeds of approximately $2.4 million. The warrants will be exercisable immediately and may include a cashless exercise option pending stockholder approval. The company has also amended its agreement with purchasers to extend the filing deadline for a resale registration statement to May 30, 2024. In connection with the offerings, WiSA Technologies has entered into a placement agency agreement with Maxim Group LLC. The company's CEO, Brett Moyer, has issued a letter to shareholders emphasizing the importance of the upcoming special meeting and the proposals to be voted on, which are critical for the execution of the company's Propel program and the success of its WiSA E technology.