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WiSA Technologies Prices $6.2 Million Securities Offering

WiSA Technologies Prices $6.2 Million Securities Offering
WiSA Technologies 定价发行620万美元的

MT Newswires ·  02/01 23:57

10:54 AM EST, 02/01/2023 (MT Newswires) -- WiSA Technologies (WISA) said Wednesday it priced a registered direct offering and a concurrent private placement for expected gross proceeds of about $6.2 million.

Certain institutional investors have agreed to buy 583,306 shares of WiSA's common stock. The company will also issue and sell unregistered warrants to purchase up to 874,959 shares in a concurrent private placement.

The combined offering price for shares and warrants is $10.68 per share. The warrants, which expire five years from the issuance date, will be immediately exercisable at $10.49 per share.

The offering is set to close around Feb. 3.

Shares of WiSA retreated 9.2% in recent trading activity.

Price: 9.53, Change: -0.96, Percent Change: -9.16

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