Summary by Futu AI
WiSA Technologies, Inc., previously known as Summit Wireless Technologies, Inc. and Summit Semiconductor, has filed a Form D Notice of Exempt Offering of Securities with the SEC, indicating a new notice of securities offering. The filing, dated September 25, 2024, reports that the company, incorporated in Delaware and based in Beaverton, Oregon, has begun the process of offering equity, options, warrants, and other rights to acquire securities. As of the filing, WiSA Technologies has sold $2,129,654 USD worth of securities out of a total offering amount of $14,045,415 USD. The company has not disclosed the use of proceeds for payments to any of its executive officers, directors, or promoters. The offering is not being made in connection with a business combination transaction, and no sales commissions or finder's fees are being paid in relation to the offering. The executive team, including President and CEO Brett Moyer, is listed in the filing, which also states that the first sale of securities occurred on September 10, 2024.
