WiSA Technologies, Inc. has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for the resale of up to 4,323,338 shares of common stock by certain selling stockholders. These shares are issuable upon the exercise of previously issued warrants. The company will not receive any proceeds from the sale of shares by the selling stockholders. However, WiSA Technologies may receive up to approximately $13.7 million in gross proceeds if all the warrants are exercised for cash. The company plans to use any proceeds received from the warrant exercises for working capital, capital expenditures, product development, and other general corporate purposes. The selling stockholders may sell their shares through various methods including brokerage transactions, block trades, and private sales...Show More

WiSA Technologies, Inc. has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for the resale of up to 4,323,338 shares of common stock by certain selling stockholders. These shares are issuable upon the exercise of previously issued warrants. The company will not receive any proceeds from the sale of shares by the selling stockholders. However, WiSA Technologies may receive up to approximately $13.7 million in gross proceeds if all the warrants are exercised for cash. The company plans to use any proceeds received from the warrant exercises for working capital, capital expenditures, product development, and other general corporate purposes. The selling stockholders may sell their shares through various methods including brokerage transactions, block trades, and private sales. The registration statement also includes information about potential risks related to the resale of the shares, such as market volatility and the impact on the company's stock price. The shares may be sold on the Nasdaq Capital Market or in private transactions, and the offering will be made only by means of a prospectus.