On September 4, 2024, WiSA Technologies, Inc. announced the signing of an asset purchase agreement with Data Vault Holdings Inc., marking a significant expansion for the company. Under the agreement, WiSA Technologies will acquire various assets from Data Vault, including information technology assets, patents, trademarks, and software source code, for a total purchase price of $210 million. This sum comprises $10 million in a promissory note, $200 million in restricted common stock, and the assumption of certain liabilities. Additionally, WiSA Technologies will appoint two new board members nominated by Data Vault and will enter into a Royalty Agreement, obligating WiSA to pay Data Vault 3% of revenue generated from the acquired patent rights. The transaction is subject to stockholder approval, with a meeting scheduled within 40 days of the initial proxy statement mailing. The securities issued in this transaction will be exempt from registration under the Securities Act of 1933, as amended. WiSA Technologies also held a special 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 for the company. Under the agreement, WiSA Technologies will acquire various assets from Data Vault, including information technology assets, patents, trademarks, and software source code, for a total purchase price of $210 million. This sum comprises $10 million in a promissory note, $200 million in restricted common stock, and the assumption of certain liabilities. Additionally, WiSA Technologies will appoint two new board members nominated by Data Vault and will enter into a Royalty Agreement, obligating WiSA to pay Data Vault 3% of revenue generated from the acquired patent rights. The transaction is subject to stockholder approval, with a meeting scheduled within 40 days of the initial proxy statement mailing. The securities issued in this transaction will be exempt from registration under the Securities Act of 1933, as amended. WiSA Technologies also held a special investor conference call on the day of the announcement to discuss the asset purchase.