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WiSA Technologies, Inc. (Nasdaq: WISA) has regained compliance with the minimum bid price requirement of $1.00 per share under Nasdaq Listing Rule 5550(a)(2). The Company will be monitored until April 29, 2025, to ensure continued compliance.
WiSA Technologies is a leading provider of wireless audio technology for intelligent devices and home entertainment systems, collaborating with major brands to deliver immersive sound experiences. The company is a founding member of WiSA™, working to define wireless audio standards and promote spatial audio technologies.
Optoma’s laser projectors UHZ35ST, UHZ55, and UHZ66 have received WiSA SoundSend Certification, ensuring high-quality audio experiences and seamless integration with WiSA SoundSend wireless audio transmitters. This certification sets a benchmark for excellence in audio experiences, connecting projectors to WiSA Certified speakers for immersive home entertainment across various content types. The WiSA SoundSend is the first branded product from the WiSA Association, offering easy setup and control via a mobile app.
WiSA Technologies, Inc. issued a Letter to Shareholders discussing their innovative wireless audio technology for home entertainment systems. The company highlights their strong R&D foundation, industry recognition, continuous innovation, and the launch of WiSA E technology. They introduce the Propel program to drive revenue growth, profitability, industry leadership, and governance. Key proposals for shareholder approval include a Reverse Stock Split and issuance of shares upon exercise of warrants.