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WiSA Technologies | S-8: Initial registration statement for securities to be offered to employees pursuant to employee benefit plans

SEC ·  May 25 04:49

Summary by Futu AI

WiSA Technologies, Inc., a company incorporated in Delaware, filed a Registration Statement on Form S-8 with the Securities and Exchange Commission (SEC) on May 24, 2024. The purpose of the filing is to register 334,587 shares of common stock under the company's 2018 Long-Term Stock Incentive Plan (2018 LTIP), as per the plan's 'evergreen' provision. This follows a 1-for-150 reverse stock split of the company's common stock that took effect on April 12, 2024, with the share amount adjusted post-split. The documents required for the Section 10(a) prospectus are not filed with the SEC but will be delivered in accordance with SEC rules. The Registration Statement incorporates by reference several of the company's previously filed SEC documents, including annual and quarterly reports. WiSA Technologies' bylaws mandate full indemnification for directors and officers to the extent permitted by Delaware law, and the company maintains insurance policies for these individuals against liabilities.
WiSA Technologies, Inc., a company incorporated in Delaware, filed a Registration Statement on Form S-8 with the Securities and Exchange Commission (SEC) on May 24, 2024. The purpose of the filing is to register 334,587 shares of common stock under the company's 2018 Long-Term Stock Incentive Plan (2018 LTIP), as per the plan's 'evergreen' provision. This follows a 1-for-150 reverse stock split of the company's common stock that took effect on April 12, 2024, with the share amount adjusted post-split. The documents required for the Section 10(a) prospectus are not filed with the SEC but will be delivered in accordance with SEC rules. The Registration Statement incorporates by reference several of the company's previously filed SEC documents, including annual and quarterly reports. WiSA Technologies' bylaws mandate full indemnification for directors and officers to the extent permitted by Delaware law, and the company maintains insurance policies for these individuals against liabilities.

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