IPO - WISA TECHNOLOGIES, INC.

Form Type: 424B5

Filing Date: 2025-02-14

Corporate Action: Ipo

Type: New

Accession Number: 000110465925013744

Filing Summary: Datavault AI Inc. is offering 4,757,126 shares of common stock and warrants to purchase up to an equal number of shares at a combined purchase price of $1.14. The offering is facilitated by Maxim Group LLC acting as the exclusive placement agent. The proceeds are estimated to be approximately $4,859,000, earmarked for paying down existing debt, working capital, and corporate purposes. The common stock will be listed on the Nasdaq Capital Market under the symbol 'WISA.' The document highlights risks associated with the investment, including substantial doubt about the company's ability to continue as a going concern, particularly given its $247 million accumulated deficit as of December 31, 2023. The offering is set to close around February 14, 2025, subject to customary conditions.

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