Wisa Tech Stock Price, News & Analysis

The WiSA Association has announced a correction to their CES 2025 innovation showcase press release. The updated announcement highlights three major developments: WiSA E-based Reference Designs, new mobile applications, and the SoundSend E technology. These innovations are set to be featured at the Consumer Electronics Show (CES) 2025 in Beaverton, Oregon.

WiSA Technologies announces the integration of its WiSA E wireless multichannel audio software into Sagemcom's Video Soundbox (VSB) set-top box, which has been shipping globally since December 2024. The VSB combines a high-quality soundbar with a set-top box, offering consumers an all-in-one solution for digital TV and streaming services.

The WiSA E software enables Dolby Atmos audio to be transported wirelessly to external speakers, including rear and upfiring speakers. This integration eliminates the need for separate transmit hardware modules, reducing BOM costs for manufacturers while providing consumers with a simplified setup for immersive audio experiences.

Sagemcom, achieving over €3 billion in turnover and being a world leader in its markets, has incorporated this technology to deliver enhanced audio capabilities alongside their advanced video and smart features in the VSB set-top box.

WiSA Technologies (NASDAQ: WISA) announced a conference call scheduled for December 30th at 8 am PT / 11 am ET to discuss their previously announced definitive agreement to acquire CompuSystems, Inc. (CSI), a leading provider of registration, data analytics, and lead management services for live events. The call will feature key executives including Nate Bradley (Data Vault Holdings CEO), Mark LoGiurato (CSI CEO), Brett Moyer (WiSA Technologies CEO), and Michael Fazio (CSI Controlling Investor). The company also anticipates closing its acquisition of Datavault® intellectual property and IT assets, with plans to rebrand as Datavault Inc. around December 31, 2024.

WiSA Technologies (NASDAQ: WISA) has announced a definitive agreement to acquire CompuSystems, Inc. (CSI), a provider of registration, data analytics, and lead management services for live events. CSI is expected to contribute $13-15 million in revenue and $3-4 million in EBITDA in 2025.

The acquisition aligns with WiSA's anticipated acquisition of Datavault's assets and planned name change to Datavault Inc. by December 31, 2024. The integration will combine CSI's event management expertise with Datavault's ADIO platform, enabling experiential audio tours and Web 3.0 data monetization. The transaction is expected to close around January 31, 2025, with financial terms undisclosed.

WiSA Technologies (NASDAQ: WISA) has received 94% stockholder approval to acquire Data Vault Holdings' assets for 40 million shares of common stock plus a $10 million 3-year Note. The transaction, valued between $266M and $501M in a fairness opinion, is expected to close around December 31, 2024.

Following the closure, WiSA will be renamed to Datavault Inc. and transform into a data technology and licensing company focusing on two main solutions: Data Sciences for Web 3.0 data management and Acoustic Sciences for spatial HD sound transmission. The company will leverage Datavault's platform for managing and monetizing data in the Web 3.0 environment, offering blockchain data solutions and AI integration.

WiSA Technologies (NASDAQ: WISA) has received overwhelming stockholder approval to acquire Data Vault Holdings' assets, with 94% of stockholders voting in favor. The transaction involves issuing 40 million shares of restricted common stock plus a $10 million 3-year Note. A fairness opinion valued Data Vault's assets between $266M and $501M.

Upon closing, expected around December 31, 2024, WiSA Technologies will be renamed to Datavault Inc. The company will transform into a data technology and licensing company focusing on two main solutions: Data Sciences for Web 3.0 data management and Acoustic Sciences for spatial HD sound transmission. The deal includes a 3% royalty on future revenues from Datavault and ADIO product lines.

The Datavault Platform enables data monetization in the Web 3.0 environment, offering solutions for managing name, image, and likeness (NIL) licensing through blockchain technology, while ensuring privacy and credential protection.

Data Vault Holdings has partnered with CompuSystems (CSI) to integrate its ADIO technology into CSI's M3 Expo Wallet app. The partnership will expand ADIO's reach to over 125 trade shows in 2025, accessing more than 1.4 million registrants. The integration combines ADIO's proximity-based engagement with CSI's prospect-matching algorithms, enabling exhibitors to deliver targeted content through inaudible tones in real-time to opt-in attendees.

The enhanced M3 Expo Wallet will be rolled out across all CSI-serviced events starting January 2025. This development comes as Data Vault Holdings is under a definitive asset purchase agreement to sell its Datavault and ADIO IP and IT assets to WiSA Technologies (NASDAQ: WISA), with the closing expected before December 31, 2024.

WiSA Technologies (NASDAQ: WISA) has mailed its Definitive Proxy Statement for the 2024 Annual Meeting of Stockholders, scheduled for December 20, 2024. The key focus is the planned $210 million acquisition of Data Vault Holdings' assets, including AI, blockchain, and Data Web 3.0 IP assets.

The purchase price comprises 40 million WiSA common shares at $5 per share, a $10 million 3-year Note, and a 3% royalty on applicable product revenues. The board unanimously recommends stockholders vote in favor of the Asset Purchase, which includes High-Performance Computing software and acoustic technologies IP. Stockholders of record as of November 6, 2024, can vote online, by phone, or mail.

WiSA Technologies (NASDAQ: WISA) has filed a Preliminary Proxy Statement for its Annual Meeting regarding its planned $210 million acquisition of Data Vault Holdings' assets. The purchase price includes 40 million shares at $5 per share, a $10 million 3-year Note, and a 3% royalty on applicable product revenues. The acquisition encompasses AI, blockchain, and Data Web 3.0 IP assets, including High-Performance Computing software and acoustic technologies IP. Data Vault's recent achievements include receiving three new patents, launching DVHolo hologram product suite, partnering with CLEAR for KYC solutions, and launching VerifyU with Arizona State University.