Wisa Tech SEC Filings

Datavault AI Inc. Schedule 13D Amendment No. 3 updates beneficial ownership and discloses transactions among the reporting persons. The filing reports that EOS Technology Holdings Inc. transferred 110,909 shares to a consultant under a consulting agreement and that EOS converted $3,200,000 of a $10,000,000 convertible promissory note into 10,000,000 shares at $0.32 per share pursuant to an amendment that waived the note's floor price.

The amendment restates ownership based on 116,701,378 shares outstanding: Nathaniel Bradley beneficially owns 19,700,790 shares (16.9%), Sonia Choi beneficially owns 7,411,788 shares (6.4%), and EOS beneficially owns 12,289,002 shares (10.5%). The amendment adds the convertible note amendment and conversion agreement as an exhibit.

Datavault AI Inc. obtained written consent from majority stockholders to approve two highly dilutive equity actions without holding a stockholder meeting. First, stockholders approved issuance of up to 130,847,236 shares of common stock upon conversion of senior secured convertible notes with an aggregate principal of 6,666,666 for the initial notes and 6,666,666 for additional notes, at prices tied to a 0.1019 per share floor. Second, they approved exchanging warrants exercisable for approximately 31 million shares for the same number of common shares. As of August 4, 2025, 97,692,374 shares were outstanding, so each action exceeds Nasdaq’s 20% threshold and required approval under Rule 5635(d). These transactions will significantly dilute existing holders and may give noteholders and former warrantholders meaningful influence over future company decisions.

Datavault AI Inc. entered into an amendment and conversion agreement with EOS Technology Holdings Inc., converting $3,200,000 of a convertible promissory note into 10,000,000 shares of its common stock at $0.32 per share. This transaction reduces the outstanding balance of the original $10,000,000 EOS note and increases the company’s share count through an equity issuance.

EOS is controlled by the company’s Chief Executive Officer, Nathaniel Bradley, who serves as EOS’s chief executive officer and sole director and owns shares in EOS, making this a related-party transaction. The shares were issued as an unregistered offering relying on exemptions under Section 4(a)(2) and Rule 506 of Regulation D.

Bradley Nathaniel T, CEO and director of EOS Technology Holdings Inc., filed a Form 4 reporting transactions in Datavault AI Inc. (DVLT) common stock dated 08/28/2025. The filing shows sales of 29,391 and 4,862 shares at $0.40 per share executed to satisfy tax obligations from vesting equity awards; these sales were conducted by the issuer on behalf of the reporting person and his spouse and were not discretionary transactions. After the reported sales, Mr. Bradley directly held 4,735,970 shares and indirectly had voting/disposition power over 2,289,002 shares through EOS Technology Holdings Inc., while his spouse beneficially owned 3,175,818 shares. The filing also corrects prior Form 4s to include 200,000 shares issued to the reporting person’s spouse on June 25, 2025, which had been omitted from earlier reports.

Datavault AI Inc. (DVLT) officer Stanley Mbugua reported changes in his holdings on Form 4. The filing discloses a market sale of 33,920 shares on 08/28/2025 at $0.40 per share executed by the issuer to satisfy tax obligations related to vesting of equity awards; the sale was not a discretionary transaction by the reporting person. The filing also corrects a prior Form 4 omission by including a 120,000-share grant received on 06/25/2025 under the companys 2018 Long-Term Stock Incentive Plan. After the reported transaction(s), Mbuguas beneficial ownership is reported as 324,418 shares. The filing identifies Mbugua as Chief Accounting Officer and VP of Finance.

Brett Moyer, a director and the Chief Financial Officer of Datavault AI Inc. (DVLT), reported a sale and corrected prior ownership information. The filing shows 130,754 shares of common stock were sold into the open market on 08/28/2025 at $0.40 per share to satisfy tax obligations tied to vesting equity awards; the sale was executed by the issuer on the reporting person’s behalf and was not discretionary. The filing also corrects a prior Form 4 omission by adding 350,000 shares received as compensation on 06/25/2025. After the reported sale and correction, the filing states the reporting person beneficially owns 1,117,665 shares.

Datavault AI Inc. approved the issuance of up to 5,000,000 shares of common stock under a previously disclosed Waiver Agreement with certain March 2025 note purchasers. In exchange for the purchasers’ waiver of variable rate and participation rights, the company agreed to issue these shares once stockholder approval was obtained under applicable Nasdaq rules. The Waiver Agreement also limits sales under the company’s July 21, 2025 at-the-market program for a defined period, capping daily sales at 10% of trading volume during regular hours, prohibiting sales below $1.10 per share, and setting a $25,000,000 aggregate issuance limit. On August 27, 2025, holders of 50,365,422 shares of common stock, representing approximately 52% of the company’s voting power, delivered a written consent approving the share issuance, which will become effective no earlier than 20 days after mailing an SEC Schedule 14C information statement to stockholders.

Datavault AI Inc. is offering shares held by a selling stockholder; the company will not receive proceeds from those sales. The prospectus outlines principal risks including that the company has incurred losses since inception, depends on a small number of customers for a significant portion of revenue, relies on module manufacturers and timely vendor deliveries, and faces operational risks from outages, defects and seasonal demand. The document notes a recent Asset Purchase and an IP Purchase Agreement that expanded the company’s assets. There are 98,692,374 shares of common stock outstanding as of August 24, 2025, and the common stock trades under the Nasdaq symbol "DVLT". The filing incorporates the company’s Annual Report on Form 10-K for the year ended December 31, 2024 and multiple Form 8-Ks and Form 10-Qs referenced for additional details.

Datavault AI Inc. disclosed an amendment to its stock purchase agreement to buy all shares of API Media Innovations Inc. for $6,000,000 in cash, 5,117,188 shares of its common stock and $2,000,000 in convertible notes. The amendment removes the prior "Drop Dead Date" that allowed either party to terminate the agreement if closing had not occurred by August 12, 2025, and also deletes a termination right for uncured breaches after ten days’ notice. It further eliminates a financing contingency that had required Datavault AI to obtain at least $10,000,000 in net proceeds from investors or financial institutions before being obligated to close. The parties also agreed that the sellers are entitled to a breakup fee unless the transaction closes by August 26, 2025, is terminated by mutual written consent, or becomes illegal due to a law or governmental order.