WiSA Technologies Announces Closing of $6.2 Million Registered Direct Offering and Concurrent Private Placement Priced At-The-Market

Feb 03, 2023

WiSA Technologies, Inc. (Nasdaq: WISA), a developer of spatial, wireless sound technology for smart devices and next-generation home entertainment systems, today announced the closing of its previously announced registered direct offering of 583,306 shares of common stock (or pre-funded warrants in lieu thereof), priced at-the-market under Nasdaq rules. In a concurrent private placement, the Company also issued unregistered warrants to purchase up to an aggregate of 874,959 shares of common stock. The combined effective offering price for each share of common stock (or pre-funded warrant in lieu thereof) and warrant was $10.68. The warrants are immediately exercisable, will expire five years from the issuance date and have an exercise price of $10.49 per whole share.

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