Summit Wireless Technologies (WISA) Prices 2.275M Registered Direct Offering at $2.55/Sh

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Go back to Summit Wireless Technologies (WISA) Prices 2.275M Registered Direct Offering at $2.55/Sh

Summit Wireless Technologies Announces Pricing of $5.8 Million Registered Direct Offering Priced At-The-Market

June 4, 2020 9:00 AM EDT

SAN JOSE, Calif.--(BUSINESS WIRE)-- Summit Wireless Technologies, Inc. (Nasdaq: WISA) (the Company or Summit Wireless), a leading provider of immersive, wireless sound technology for intelligent devices and next-generation home entertainment systems, today announced that it has entered into a securities purchase agreement with institutional investors to purchase approximately $5.8 million of its common stock in a registered direct offering priced at-the-market under Nasdaq rules and warrants to purchase common stock in a concurrent private placement. The combined purchase price for one share of common stock and warrant to purchase one share of common... More