On April 17, 2024, WiSa Technologies, Inc. Entered Into A $750K SPA With Certain Purchasers, Pursuant To Which The Company Agreed To Issue And Sell To Such Purchasers In A Registered Direct Offering, 225,834 Shares Of Common Stock, At An Offering Price Of $3.321 Per Share
Portfolio Pulse from Benzinga Newsdesk
WiSA Technologies, Inc. announced a $750K registered direct offering and concurrent private placement of shares and warrants. The offering includes 225,834 shares at $3.321 each and equal number of warrants with an exercise price of $3.196, closing on April 19, 2024. The company has agreed to certain sale restrictions post-offering and committed to filing a registration statement for the resale of the warrant shares by May 10, 2024. Maxim Group LLC is the placement agent, receiving a 6% fee on gross proceeds.
April 18, 2024 | 12:54 pm
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WiSA Technologies, Inc. is raising $750K through a direct offering and private placement, with Maxim Group LLC as the placement agent. The offering could dilute current shareholders but provides capital for operations.
The direct offering and private placement of shares and warrants by WiSA Technologies could lead to short-term dilution of existing shares, potentially causing a negative impact on the stock price. However, the capital raised will support the company's operations and growth initiatives, which could have positive long-term effects. The involvement of Maxim Group LLC as the placement agent and the restrictions on further sales of shares indicate a structured approach to managing the offering's impact on the stock.
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IMPORTANCE 90
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