On September 4, 2024, WiSA Technologies, Inc. announced the signing of an asset purchase agreement with Data Vault Holdings Inc., marking a significant expansion of WiSA's business. The agreement, valued at $210 million, involves WiSA acquiring various assets from Data Vault, including information technology assets, patents, trademarks, and software source code. The payment structure includes $10 million in a promissory note, $200 million in restricted common stock, and the assumption of certain liabilities. Additionally, WiSA will appoint two new board members nominated by Data Vault. The transaction is subject to stockholder approval, with a meeting scheduled within 40 days of the initial proxy statement mailing. WiSA also plans to enter into a Royalty Agreement with Data Vault, entitling Data Vault to 3% of revenues from the acquired patent rights. The company will issue securities as part of the asset purchase under exemptions from registration requirements. WiSA issued a press release and held an investor conference call on the day of the announcement to discuss the asset purchase.

On September 4, 2024, WiSA Technologies, Inc. announced the signing of an asset purchase agreement with Data Vault Holdings Inc., marking a significant expansion of WiSA's business. The agreement, valued at $210 million, involves WiSA acquiring various assets from Data Vault, including information technology assets, patents, trademarks, and software source code. The payment structure includes $10 million in a promissory note, $200 million in restricted common stock, and the assumption of certain liabilities. Additionally, WiSA will appoint two new board members nominated by Data Vault. The transaction is subject to stockholder approval, with a meeting scheduled within 40 days of the initial proxy statement mailing. WiSA also plans to enter into a Royalty Agreement with Data Vault, entitling Data Vault to 3% of revenues from the acquired patent rights. The company will issue securities as part of the asset purchase under exemptions from registration requirements. WiSA issued a press release and held an investor conference call on the day of the announcement to discuss the asset purchase.