WISA

WiSA Technologies Announces Pricing of $4.8 Million Public Offering of Series B Convertible Redeemable Preferred Stock and Warrants

Retrieved on: 
Monday, October 16, 2023

WiSA Technologies, Inc. (Nasdaq: WISA or the “Company”), a developer of spatial, wireless sound technology for smart devices and next-generation home entertainment systems, today announced the pricing of a public offering of 87,000 units (the “Units”), with each Unit consisting of one share of the Company’s Series B Convertible Redeemable Preferred Stock, par value $0.0001 per share, with a liquidation preference of $100.00 per share (the “Series B Convertible Preferred Stock”), and two warrants (the “Warrants”), each to purchase one (1) share of Series B Convertible Preferred Stock for gross proceeds of approximately $4.8 million.

Key Points: 
  • WiSA Technologies, Inc. (Nasdaq: WISA or the “Company”), a developer of spatial, wireless sound technology for smart devices and next-generation home entertainment systems, today announced the pricing of a public offering of 87,000 units (the “Units”), with each Unit consisting of one share of the Company’s Series B Convertible Redeemable Preferred Stock, par value $0.0001 per share, with a liquidation preference of $100.00 per share (the “Series B Convertible Preferred Stock”), and two warrants (the “Warrants”), each to purchase one (1) share of Series B Convertible Preferred Stock for gross proceeds of approximately $4.8 million.
  • The purchase price for one Unit is $55.00, which reflects the issuance of the Series B Convertible Preferred Stock with an original issue discount.
  • The Series B Convertible Preferred Stock has a term of two (2) years and is convertible at the option of the holder at any time into shares of the Company’s common stock at a conversion price of $0.4147.
  • Dividends on the Series B Convertible Preferred Stock will be paid, if and when declared by the Board of Directors, in-kind (“PIK dividends”) in additional shares of Series B Convertible Preferred Stock based on the stated value of $100.00 per share at a dividend rate of 20.0%.

Leading German Tooling and Mold Maker WISA Takes CAD Data Visualization to a New Level with Actify SpinFire Enterprise

Retrieved on: 
Thursday, June 22, 2023

Increasingly, however, the information they needed to successfully produce their complex tooling and molds was contained in 2D and 3D CAD files.

Key Points: 
  • Increasingly, however, the information they needed to successfully produce their complex tooling and molds was contained in 2D and 3D CAD files.
  • SpinFire gives teams everything they need to view and interrogate assemblies, parts, and drawings in all major 2D and 3D CAD formats .
  • Additionally, SpinFire converts CAD data into a compact, neutral format for easy sharing with internal and external teams.
  • Finally, the team used SpinFire to add manufacturing notes to the 3D data and create screenshots for capacity planning.

Lifshitz Law PLLC Announces Investigations of UBA, UBP, EMAN, and WISA

Retrieved on: 
Sunday, May 21, 2023

Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the merger of UBA and Regency Centers Corporation.

Key Points: 
  • Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the merger of UBA and Regency Centers Corporation.
  • Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the merger of UBP and Regency Centers Corporation.
  • Lifshitz Law PLLC announces an investigation into possible breach of fiduciary duties in connection with the merger of WISA and Comhear, Inc.
  • The law firm responsible for this advertisement is Lifshitz Law PLLC, 1190 Broadway, Hewlett, New York 11557, Tel: (516)493-9780.

WiSA Technologies Granted Additional 180-Day Extension by Nasdaq to Regain Compliance with Minimum Bid Requirements

Retrieved on: 
Tuesday, December 27, 2022

WiSA Technologies, Inc. (Nasdaq: WISA), a developer of spatial, wireless sound technology for smart devices and next-generation home entertainment systems, today announced it received a notification letter from Nasdaq Stock Market LLC that the Company has been granted an additional 180-day compliance period, or until June 20, 2023, to regain compliance with Nasdaq's minimum bid price rule.

Key Points: 
  • WiSA Technologies, Inc. (Nasdaq: WISA), a developer of spatial, wireless sound technology for smart devices and next-generation home entertainment systems, today announced it received a notification letter from Nasdaq Stock Market LLC that the Company has been granted an additional 180-day compliance period, or until June 20, 2023, to regain compliance with Nasdaq's minimum bid price rule.
  • There is no immediate effect on the listing or trading of the Company's Common Stock, which will continue to trade on the Nasdaq Capital Market under the symbol "WISA".
  • Therefore, in accordance with Nasdaq's Listing Rules, the Company was provided 180 calendar days, or until December 20, 2022, to regain compliance, and an additional 180 days to regain compliance was granted by Nasdaq on December 21, 2022.
  • The Company intends to monitor the closing bid price of its Common Stock and represented to Nasdaq that it will cure the deficiency by effecting a reverse stock split, if necessary, in order to regain compliance with the minimum bid price requirement within the second compliance period.

4AIR Congratulates Waterloo Institute of Sustainable Aeronautics “Designing the Flight School of the Future” Contest Winners

Retrieved on: 
Tuesday, July 5, 2022

4AIR , the first and only rating system focused on comprehensive sustainability in private aviation, today congratulated the winners of the Waterloo Institute of Sustainable Aeronautics Designing the Flight School of the Future contest.

Key Points: 
  • 4AIR , the first and only rating system focused on comprehensive sustainability in private aviation, today congratulated the winners of the Waterloo Institute of Sustainable Aeronautics Designing the Flight School of the Future contest.
  • The contest was organized by the University of Waterloo-based institute, among the worlds leading centers for sustainable aviation research and education.
  • View the full release here: https://www.businesswire.com/news/home/20220705005780/en/
    4AIR, the first and only rating system focused on comprehensive sustainability in private aviation, congratulates the winners of the Waterloo Institute of Sustainable Aeronautics Designing the Flight School of the Future contest.
  • The Waterloo Institute for Sustainable Aeronautics (WISA) mission is to be the worlds leading hub for sustainable aeronautics research, technology, and education.

WiSA SoundSend Named Top New Technology (TNT) Award Winner

Retrieved on: 
Tuesday, May 10, 2022

WiSA LLC , a subsidiary of WiSA Technologies, Inc. (NASDAQ: WISA), announced today its WiSA SoundSend wireless audio transmitter was named a 2022 Top New Technology (TNT) award winner in the Wireless A/V Solutions category.

Key Points: 
  • WiSA LLC , a subsidiary of WiSA Technologies, Inc. (NASDAQ: WISA), announced today its WiSA SoundSend wireless audio transmitter was named a 2022 Top New Technology (TNT) award winner in the Wireless A/V Solutions category.
  • View the full release here: https://www.businesswire.com/news/home/20220510006350/en/
    The WiSA SoundSend is a 2022 Top New Technology Award Winner in the Wireless A/V Solutions category.
  • WiSA Technologies, Inc. (NASDAQ: WISA) is the developer of spatial, wireless sound technology for smart devices and next-generation home entertainment systems marketed under the WiSA brands.
  • The WiSA logo, WiSA, WiSA Ready, and WiSA Certified are trademarks and certification marks of WiSA, LLC.

Hisense Unveils Premium Product Lineup at CES 2022, Introducing Mini LED Offerings and New Laser Technologies

Retrieved on: 
Tuesday, January 4, 2022

Hisense , provider of high-performance televisions and appliances, unveils its 2022 lineup featuring Laser TVs, soundbars and a new premium ULED Series lineup with Mini LED options.

Key Points: 
  • Hisense , provider of high-performance televisions and appliances, unveils its 2022 lineup featuring Laser TVs, soundbars and a new premium ULED Series lineup with Mini LED options.
  • Hisenses new premium U9H TV introduces Mini LED to the 2022 lineup, delivering a stunning HDR performance with a bright picture, vivid colors, and excellent contrast.
  • The key to great Mini LED performance is how well the LEDs work together to ensure uniformity and the best possible picture.
  • Alongside its ULED lineup, Hisense is proud to introduce an entirely new product to its laser display lineup in 2022: the PX1-PRO TriChroma Laser Cinema.

Summit Wireless Technologies Grew Revenue 198% in Q3 2021 Year-over-Year

Retrieved on: 
Wednesday, November 10, 2021

Summit Wireless Technologies, Inc. (Nasdaq: WISA), a leading provider of immersive, wireless sound technology for intelligent devices and next-generation home entertainment systems, provided an update for the third quarter ended September 30, 2021.

Key Points: 
  • Summit Wireless Technologies, Inc. (Nasdaq: WISA), a leading provider of immersive, wireless sound technology for intelligent devices and next-generation home entertainment systems, provided an update for the third quarter ended September 30, 2021.
  • Customers component shortages have required some customer product redesigns, causing rescheduling associated with approximately $0.5 million of Summit Wireless revenue.
  • Summit Wireless Technologies, Inc. (NASDAQ: WISA) is a leading provider of immersive, wireless sound technology for intelligent devices and next-generation home entertainment systems.
  • Summit Wireless Technologies and the Summit Wireless logo are trademarks of Summit Wireless Technologies, Inc.