On September 10, 2024, WiSA Technologies, Inc. entered into several agreements with holders of its common stock purchase warrants. The company executed Exchange Agreements to swap February 2024 Warrants for new warrants with an increased exercise price of $2.21 per share. Following this, WiSA Technologies signed Inducement Agreements, offering additional warrants as an incentive for early exercise of the Exchange Warrants. The same day, the company also entered into Side Letter Agreements, amending terms of previous warrants and purchase agreements, and agreed to issue new shares and warrants as inducements for these amendments. These new securities were offered under exemptions from registration requirements of the Securities Act. WiSA Technologies committed to filing a Resale Registration Statement for the new shares and to hold a stockholder meeting by December 31, 2024, to seek approval for these issuances. The company also agreed to certain restrictions on issuing new shares and engaging in Variable Rate Transactions post-stockholder approval.

On September 10, 2024, WiSA Technologies, Inc. entered into several agreements with holders of its common stock purchase warrants. The company executed Exchange Agreements to swap February 2024 Warrants for new warrants with an increased exercise price of $2.21 per share. Following this, WiSA Technologies signed Inducement Agreements, offering additional warrants as an incentive for early exercise of the Exchange Warrants. The same day, the company also entered into Side Letter Agreements, amending terms of previous warrants and purchase agreements, and agreed to issue new shares and warrants as inducements for these amendments. These new securities were offered under exemptions from registration requirements of the Securities Act. WiSA Technologies committed to filing a Resale Registration Statement for the new shares and to hold a stockholder meeting by December 31, 2024, to seek approval for these issuances. The company also agreed to certain restrictions on issuing new shares and engaging in Variable Rate Transactions post-stockholder approval.