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WiSA Technologies | 424B5: Prospectus

SEC announcement ·  May 17 20:02
Summary by Futu AI
WiSA Technologies, Inc. has announced the offering of 675,000 shares of its common stock at a purchase price of $3.61 per share. This offering is being conducted alongside a concurrent private placement of warrants to purchase an additional 675,000 shares of common stock at an exercise price of $3.48 per share. The private placement warrants are immediately exercisable and will expire five years from the issuance date. The common stock is listed on the Nasdaq Capital Market under the symbol 'WISA.' The last reported sale price of WiSA's common stock on Nasdaq was $3.83 per share as of May 14, 2024. The offering is expected to close on or about May 17, 2024, subject to customary closing conditions. The date of the prospectus supplement is May 15, 2024. WiSA Technologies intends to use the net proceeds from this offering for working capital and other general corporate purposes, including investments in sales and marketing in the United States and internationally. Maxim Group LLC is acting as the exclusive placement agent for the offering.
WiSA Technologies, Inc. has announced the offering of 675,000 shares of its common stock at a purchase price of $3.61 per share. This offering is being conducted alongside a concurrent private placement of warrants to purchase an additional 675,000 shares of common stock at an exercise price of $3.48 per share. The private placement warrants are immediately exercisable and will expire five years from the issuance date. The common stock is listed on the Nasdaq Capital Market under the symbol 'WISA.' The last reported sale price of WiSA's common stock on Nasdaq was $3.83 per share as of May 14, 2024. The offering is expected to close on or about May 17, 2024, subject to customary closing conditions. The date of the prospectus supplement is May 15, 2024. WiSA Technologies intends to use the net proceeds from this offering for working capital and other general corporate purposes, including investments in sales and marketing in the United States and internationally. Maxim Group LLC is acting as the exclusive placement agent for the offering.
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