WiSA Technologies, Inc., a Delaware corporation, has announced a Special Meeting of Stockholders to be held on March 15, 2024. The meeting will address several key proposals, including an amendment to increase the company's authorized shares of capital stock from 220 million to 320 million, with 300 million designated as common stock. Additionally, the board seeks authorization to effect a reverse stock split of all outstanding common stock at a ratio between one-for-five and one-for-one hundred and fifty, at the board's discretion. Other proposals include permitting the board to amend the company's bylaws, approving the issuance of over 20% of outstanding common stock upon exercise of certain warrants, and amending the 2018 Long-Term Stock Incentive Plan to increase the...Show More

WiSA Technologies, Inc., a Delaware corporation, has announced a Special Meeting of Stockholders to be held on March 15, 2024. The meeting will address several key proposals, including an amendment to increase the company's authorized shares of capital stock from 220 million to 320 million, with 300 million designated as common stock. Additionally, the board seeks authorization to effect a reverse stock split of all outstanding common stock at a ratio between one-for-five and one-for-one hundred and fifty, at the board's discretion. Other proposals include permitting the board to amend the company's bylaws, approving the issuance of over 20% of outstanding common stock upon exercise of certain warrants, and amending the 2018 Long-Term Stock Incentive Plan to increase the annual share limit from 8% to 15% for the 2024 fiscal year. The meeting will also address any other business that may properly come before it. Stockholders of record as of February 13, 2024, are entitled to vote, and the company continues to monitor the health situation regarding COVID-19, with the possibility of holding a virtual meeting if necessary.