Wisa Tech SEC Filings

WiSA Technologies, Inc. disclosed multiple material financing and acquisition arrangements, equity issuances and related-party activity. The company recorded transactions that converted warrant liabilities to equity, reclassing approximately $41.9 million from warrant liabilities to additional paid-in capital. The company completed asset purchases with aggregate consideration including cash, convertible notes and stock: a CSI transaction with total consideration described as $32.8 million and a DV-related transaction with aggregate consideration described as $92.0 million (including 40,000,000 shares with fair value ~$82.0 million). Intangible assets of approximately $92.0 million plus capitalized fees of $575,000 were recorded, with amortization expense of about $2.3 million and $4.6 million for the three and six months ended periods referenced. Customer concentration is noted: two customers represented 25% and 13% of accounts receivable at the interim date. The company reports related-party balances and governance provisions involving EOS Holdings, including an outstanding principal balance of $8.3 million and board appointment rights. Multiple financings and registered/private placements were completed or authorized, including a February offering raising ~$5.4 million and several convertible note structures with potential share conversion features.

Datavault AI Inc. (DVLT) insiders filed a Form 4 disclosing a transfer of common stock and current beneficial ownership breakdowns. The filing is jointly submitted by Nathaniel Bradley (CEO, director, listed as a 10% owner) and EOS Technology Holdings Inc.

The report states that 1,000,000 shares of Common Stock were transferred by EOS to a third party in connection with a services agreement dated August 8, 2025. The form lists beneficial ownership figures including 2,399,911 shares held indirectly by EOS, 2,980,680 shares held indirectly by spouse, and 4,765,361 shares shown as direct holdings. The filer notes Mr. Bradley has the power to vote and dispose of EOS-held shares but disclaims beneficial ownership except to the extent of his pecuniary interest.

Datavault AI Inc.'s Amendment No. 2 to Schedule 13D updates ownership and recent transactions by reporting persons Nathaniel Bradley, Sonia Choi and EOS Technology Holdings Inc. The filing uses 97,692,374 shares outstanding to calculate percentages: Mr. Bradley beneficially owns 9,645,952 shares (9.9%), Ms. Choi beneficially owns 7,246,041 shares (7.4%), and EOS beneficially owns 2,399,911 shares (2.5%). Mr. Bradley received 50,000 vested RSUs and 500,000 restricted shares as compensation. EOS transferred an aggregate of 1,600,000 shares to third parties under settlement and services agreements. The amendment incorporates prior disclosures and reports no other transactions in the prior 60 days.

Datavault AI Inc. entered a registered direct offering of senior secured convertible notes with institutional investors, completing an Initial Closing on August 6, 2025 and structuring an Additional Closing contingent on stockholder approval. The Purchase Agreement contemplates Initial Notes and Additional Notes each with an aggregate principal amount of $6,666,666 and an aggregate purchase price of $6,000,000, offered under a Form S-3 registration statement. The Notes carry a 10% original issue discount, mature in 18 months, rank senior to all existing indebtedness and equity, and are convertible beginning on the date of stockholder approval at an initial conversion price of $1.00 per share, or via an alternate conversion tied to the 20-day VWAP with a floor price of $0.1019. The company granted a security interest in its assets and a subsidiary provided a guarantee. Holders agreed to exchange warrants exercisable for approximately 31 million shares for the same number of shares, subject to stockholder approval. The Placement Agent received an 8.0% fee of gross proceeds and $15,000 expense reimbursement. The agreement includes participation rights for Purchasers in future financings and customary ownership and default provisions.

Datavault AI Inc. entered a Securities Purchase Agreement on August 4, 2025 to sell senior secured convertible notes in a registered direct offering. The Purchasers agreed to buy Initial Notes with an aggregate principal amount of $6,666,666 for a purchase price of $6,000,000 and Additional Notes with an aggregate principal amount of $6,666,666 for a purchase price of $6,000,000, for an aggregate purchase price of $12,000,000 and aggregate principal of $13,333,332.

The Notes are convertible after stockholder approval at an initial conversion price of $1.00 per share or via an alternate conversion equal to the greater of the Floor Price $0.1019 and 80% of the lowest 20-day VWAP before conversion. The Company also entered Exchange Agreements to exchange warrants exercisable for ~31 million shares for the same number of shares, subject to stockholder approval. Holders representing approximately 52% of voting power executed a written consent approving issuance of up to 130,847,236 shares assuming the Floor Price; an Information Statement on Schedule 14C will be mailed and actions cannot become effective earlier than 20 days after mailing.

Datavault AI Inc. (Nasdaq: DVLT) is issuing up to $13.33 million of 10% original-issue-discount senior secured convertible notes in a registered direct offering. The notes carry no coupon unless in default (12% p.a.), mature 18 months from issuance and are secured by a first-priority lien on all company assets, guaranteed by domestic subsidiaries.

Investors will receive $6.67 million of notes at the August 6, 2025 initial closing and a further $6.67 million after stockholder approval. Net cash to the company is estimated at $10.59 million after placement fees, of which $0.5 million will satisfy a payment related to the December 2024 asset purchase; the balance funds working capital and sales & marketing.

The notes are convertible at a fixed price (not disclosed) but never below the $0.1019 floor. After approval, holders may elect an alternate conversion price equal to the greater of (i) 80% of the lowest VWAP during the prior 20 trading days or (ii) the floor, with cash make-whole if shares must be priced at the floor. Full conversion at the floor would expand common shares outstanding from 97.7 million to 228.5 million (134% dilution). Holders can also force DVLT to use 20% of future capital-raise proceeds to redeem notes at 105% of principal.

Maxim Group is acting as exclusive placement agent on a reasonable best-efforts basis; closing is expected 6 August 2025. The deal includes 18-month investor participation rights for up to 65% of future financings.