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WiSA Technologies | D: Filing D

SEC announcement ·  May 25 04:53
Summary by Futu AI
WiSA Technologies, Inc., also known as Summit Wireless Technologies, Inc., has filed a Form D Notice of Exempt Offering of Securities with the SEC, indicating a new notice for an offering of equity, options, warrants, and other rights to acquire securities. The filing, dated May 24, 2024, reports that the company, based in Beaverton, Oregon, has successfully raised $2,598,350 USD through the sale of securities. The offering was made under Rule 506(b) of the Securities Act, which allows for the sale of securities without registration under certain conditions. The company has declined to disclose its revenue range or aggregate net asset value. Brett Moyer, the President, CEO, and Chairman of the Board, along with other executive officers and directors, are named in the filing. Maxim Group LLC served as the placement agent and received sales commissions totaling $207,868 USD, which is 8.0% of the gross proceeds. The proceeds from the offering are to be used for general corporate purposes, including payments to the named executive officers, directors, or promoters as required.
WiSA Technologies, Inc., also known as Summit Wireless Technologies, Inc., has filed a Form D Notice of Exempt Offering of Securities with the SEC, indicating a new notice for an offering of equity, options, warrants, and other rights to acquire securities. The filing, dated May 24, 2024, reports that the company, based in Beaverton, Oregon, has successfully raised $2,598,350 USD through the sale of securities. The offering was made under Rule 506(b) of the Securities Act, which allows for the sale of securities without registration under certain conditions. The company has declined to disclose its revenue range or aggregate net asset value. Brett Moyer, the President, CEO, and Chairman of the Board, along with other executive officers and directors, are named in the filing. Maxim Group LLC served as the placement agent and received sales commissions totaling $207,868 USD, which is 8.0% of the gross proceeds. The proceeds from the offering are to be used for general corporate purposes, including payments to the named executive officers, directors, or promoters as required.
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