Streetbeat News

WISA

WiSA Technologies, Inc.

https://www.wisatechnologies.com

Industry

Semiconductors

WiSA Technologies, Inc. develops, manufactures, and sells audio wireless technology for smart devices and next-generation home entertainment systems in the United States, Europe, and internationally. The company offers wireless modules. It serves primarily to consumer electronics companies. The company was formerly known as Summit Wireless Technologies, Inc. and changed its name to WiSA Technologies Inc. in March 2022. WiSA Technologies, Inc. was incorporated in 2010 and is headquartered in Beaverton, Oregon.

Open

1.75

Mkt cap

9.8M

Volume

115K

High

1.78

P/E Ratio

N/A

52-wk high

37.50

Low

1.73

Div yield

N/A

52-wk low

1.15

WiSA Technologies, Inc. (NASDAQ:WISA) shares surged premarket after announcing a $210 million acquisition of Datavault's intellectual property and IT assets. The deal involves $200 million in restricted stock and a $10 million promissory note. The acquisition aims to enhance WiSA's offerings in Web 3.0 and blockchain data monetization. The transaction is expected to close by December 31, 2024, pending approvals.

Portfolio Pulse from Lekha Gupta

September 04, 2024 | 10:45 am

GitLab shares surged 17% in pre-market trading after reporting better-than-expected Q2 earnings and issuing strong FY25 guidance. Other notable pre-market movers include WiSA Technologies, Conifer Holdings, and Atara Biotherapeutics among gainers, while Athira Pharma and Zscaler saw significant declines.

Portfolio Pulse from Avi Kapoor

September 04, 2024 | 10:39 am

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.