Summary by Moomoo AI
WiSA Technologies, Inc. (WiSA), a company specializing in high-quality wireless audio solutions, has announced the offering of 62,675,000 shares of common stock and pre-funded warrants to purchase an additional 14,001,478 shares of common stock. The pre-funded warrants are immediately exercisable at a nominal price of $0.0001 per share and will not expire. This offering is accompanied by a concurrent private placement of warrants to purchase up to 76,676,478 shares of common stock at an exercise price of $0.04 per share, exercisable upon stockholder approval. The common stock is listed on the Nasdaq Capital Market under the symbol 'WISA.' The offering is expected to close on or about March 27, 2024, subject to customary closing conditions. The proceeds from the offering are intended for working capital and other general corporate purposes, including investments in sales and marketing. The offering is being made through an exclusive placement agent, Maxim Group LLC, which will receive a fee for its services.