Summary by Moomoo AI
WiSA Technologies, Inc., a leader in wireless audio technology, announced the pricing of a public offering expected to generate $10 million. The offering consists of 153,840,000 units, each comprising one share of common stock or one pre-funded warrant, plus one warrant to purchase one share of common stock, priced at $0.065 per unit. The warrants are exercisable post-stockholder approval at $0.065 each and have a five-year expiration. Maxim Group LLC served as the sole placement agent. The offering, made under a previously filed Form S-1 registration statement with the SEC, is set to close on February 13, 2024. WiSA Technologies plans to use the proceeds for general corporate purposes, including working capital. The announcement also included the closing of the offering, with the same terms as previously stated.