Summary by Moomoo AI
On April 30, 2024, WiSA Technologies, Inc. successfully closed a registered direct offering and concurrent private placement, as per the securities purchase agreement dated April 26, 2024. The company issued 418,845 shares of common stock at $5.73 per share and, in a private placement, issued warrants exercisable for an equal number of shares at $5.60 per share, resulting in gross proceeds of approximately $2.4 million. The shares were offered under a shelf registration statement effective since September 13, 2022. The warrants, immediately exercisable and expiring five years from issuance, were not registered under the Securities Act but offered under an exemption. WiSA Technologies has agreed to several conditions, including a 30-day restriction on the sale of its common stock post-offering and a commitment to file a registration statement for...Show More