WiSA Technologies to Purchase Datavault Assets, Boosting Web 3.0 and Sound Transmission Solutions For $210M
Portfolio Pulse from Benzinga Newsdesk
WiSA Technologies (NASDAQ:WISA) plans to acquire Datavault assets for $210M, enhancing its Web 3.0 and sound transmission solutions. The deal involves issuing 40 million shares and a $10M note, with closing expected by December 31, 2024. This acquisition aims to expand WiSA's offerings in data and acoustic sciences.
September 04, 2024 | 8:09 am
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WiSA Technologies is acquiring Datavault assets for $210M, which includes issuing 40 million shares and a $10M note. This acquisition is expected to enhance WiSA's capabilities in Web 3.0 and sound transmission solutions.
The acquisition of Datavault assets is a significant move for WiSA Technologies, as it aims to expand its offerings in both data and acoustic sciences. The issuance of 40 million shares and a $10M note indicates a substantial investment, which could positively impact WiSA's stock price in the short term as investors anticipate growth in Web 3.0 and sound transmission solutions.
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