Summary by Moomoo AI
WiSA Technologies, Inc., a Delaware corporation, has announced a special meeting of stockholders to be held on May 13, 2024. The meeting will address several key proposals, including a reverse stock split of the company's common stock, an amendment to the Certificate of Incorporation to allow the Board to amend the company's bylaws without stockholder approval, and the approval of the issuance of over 20% of outstanding shares upon exercise of common stock purchase warrants dated February and March 2024. The reverse stock split proposal aims to amend the Certificate of Incorporation to effect a reverse stock split by a ratio ranging from one-for-five to one-for-one hundred and fifty, at the Board's discretion, to comply with Nasdaq...Show More