WiSA Technologies, Inc. has announced the completion of a reverse stock split, effective as of 5:00 p.m. Eastern Time on April 12, 2024. The reverse stock split was approved by the company's Board of Directors on April 4, 2024, and was subsequently authorized by the stockholders at a special meeting held on March 15, 2024. The split, which consolidates every 150 shares of existing common stock into one share of new common stock, will see the common stock begin trading on a split-adjusted basis on the Nasdaq Capital Market starting April 15, 2024. The new CUSIP number for the common stock will be 86633R 609. This action does not change the total number of authorized shares of capital stock for WiSA Technologies. Stockholders holding shares in book-entry form...Show More

WiSA Technologies, Inc. has announced the completion of a reverse stock split, effective as of 5:00 p.m. Eastern Time on April 12, 2024. The reverse stock split was approved by the company's Board of Directors on April 4, 2024, and was subsequently authorized by the stockholders at a special meeting held on March 15, 2024. The split, which consolidates every 150 shares of existing common stock into one share of new common stock, will see the common stock begin trading on a split-adjusted basis on the Nasdaq Capital Market starting April 15, 2024. The new CUSIP number for the common stock will be 86633R 609. This action does not change the total number of authorized shares of capital stock for WiSA Technologies. Stockholders holding shares in book-entry form or through brokerage accounts will not need to take any action as a result of the reverse stock split. The company's transfer agent, VStock Transfer, LLC, will provide instructions to stockholders who hold stock certificates on the exchange process for the new common stock. The reverse stock split is part of WiSA Technologies' efforts to maintain the listing of its securities on Nasdaq.