WiSA Technologies (WISA) Prices 582.3K Share Offering at $10.68/sh

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Go back to WiSA Technologies (WISA) Prices 582.3K Share Offering at $10.68/sh

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

February 1, 2023 8:35 AM EST

BEAVERTON, Ore.--(BUSINESS WIRE)-- WiSA Technologies, Inc. (Nasdaq: WISA), a developer of spatial, wireless sound technology for smart devices and next-generation home entertainment systems, today announced that it has entered into a securities purchase agreement with certain institutional investors to purchase 583,306 shares of common stock (or pre-funded warrants in lieu thereof) in a registered direct offering priced at-the-market under Nasdaq rules. In a concurrent private placement, the Company also agreed to issue and sell unregistered warrants to purchase up to an aggregate of 874,959 shares of common stock. The combined effective... More