WiSA Technologies, Inc., a company specializing in wireless sound technology for intelligent devices and home entertainment systems, has filed a prospectus related to the resale of up to 4,323,338 shares of common stock. These shares are issuable upon the exercise of various common stock purchase warrants with expiration dates ranging from March 2024 to May 2024. The company previously executed a 1-for-150 reverse stock split of its common stock on April 12, 2024. The warrants are subject to stockholder approval and Nasdaq regulations, and may be exercised on a cashless basis under certain conditions. The resale of these shares will be conducted by the Selling Stockholders, who may sell the shares through various methods including block trades, private transactions, or on the open market. WiSA...Show More

WiSA Technologies, Inc., a company specializing in wireless sound technology for intelligent devices and home entertainment systems, has filed a prospectus related to the resale of up to 4,323,338 shares of common stock. These shares are issuable upon the exercise of various common stock purchase warrants with expiration dates ranging from March 2024 to May 2024. The company previously executed a 1-for-150 reverse stock split of its common stock on April 12, 2024. The warrants are subject to stockholder approval and Nasdaq regulations, and may be exercised on a cashless basis under certain conditions. The resale of these shares will be conducted by the Selling Stockholders, who may sell the shares through various methods including block trades, private transactions, or on the open market. WiSA Technologies will not receive proceeds from the Selling Stockholders' sales but may receive up to approximately $13.7 million from cash exercises of the warrants. The funds, if received, are intended for working capital, product development, and other corporate purposes. The company's common stock is listed on the Nasdaq Capital Market under the symbol 'WISA.'