Summary by Futu AI
WiSA Technologies, Inc. has achieved a significant milestone with the United States Securities and Exchange Commission (SEC) declaring its Form S-1 effective as of February 12, 2024, at 9:00 A.M. The Form S-1 is a registration statement that companies must file with the SEC before they can proceed with an initial public offering (IPO) of their securities. The effectiveness of this form indicates that WiSA Technologies has met all the regulatory requirements set forth by the SEC and is now cleared to move forward with its IPO process.