WiSA Technologies, Inc., a company specializing in immersive wireless sound technology for intelligent devices and home entertainment systems, filed a prospectus supplement with the SEC on May 20, 2024. This supplement updates the prospectus dated February 12, 2024, and includes information from the Quarterly Report on Form 10-Q. The company's board approved a 1-for-150 reverse stock split on April 4, 2024, and filed the necessary Certificate of Amendment on April 12, 2024. The reverse stock split took effect the same day at 5:00 p.m. Eastern Time. The prospectus supplement relates to the offer and sale of 158,227 units and 867,373 pre-funded units, each at a purchase price of $9.75 per Unit and $9.735 per Pre-Funded Unit, respectively. Each unit consists of one share of common stock and one warrant...Show More

WiSA Technologies, Inc., a company specializing in immersive wireless sound technology for intelligent devices and home entertainment systems, filed a prospectus supplement with the SEC on May 20, 2024. This supplement updates the prospectus dated February 12, 2024, and includes information from the Quarterly Report on Form 10-Q. The company's board approved a 1-for-150 reverse stock split on April 4, 2024, and filed the necessary Certificate of Amendment on April 12, 2024. The reverse stock split took effect the same day at 5:00 p.m. Eastern Time. The prospectus supplement relates to the offer and sale of 158,227 units and 867,373 pre-funded units, each at a purchase price of $9.75 per Unit and $9.735 per Pre-Funded Unit, respectively. Each unit consists of one share of common stock and one warrant, while each pre-funded unit includes one pre-funded warrant and one warrant. Due to the reverse stock split, the number of Warrant Shares upon exercise of all Warrants increased from 1,025,600 to 5,463,665, with a new per share exercise price of $1.8302. The issuance of Warrant Shares is subject to Stockholder Approval. WiSA's common stock is listed on Nasdaq under the symbol 'WISA,' with the last reported sale price on May 20, 2024, being $3.56 per share. The company highlights the high degree of risk involved in investing in their securities and advises reliance only on the information contained in the Prospectus and this prospectus supplement.