WiSA Technologies (WISA) Prices 50.4M Units at $0.14 Each

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Go back to WiSA Technologies (WISA) Prices 50.4M Units at $0.14 Each

WiSA Technologies Announces Pricing of $7.6 Million Public Offering

November 29, 2022 11:15 PM EST

BEAVERTON, Ore.--(BUSINESS WIRE)-- WiSA Technologies, Inc. (Nasdaq: WISA), a developer of spatial, wireless sound technology for smart devices and next-generation home entertainment systems, today announced the pricing of its public offering of an aggregate of 50,400,000 units and 3,600,000 pre-funded units at an effective public offering price of $0.14 per unit. Each unit consists of (i) one share of common stock, (ii) one Series A Warrant to purchase one share of common stock, immediately exercisable at a price of $0.14 per share and expiring five years from the date of issuance, and (iii)... More