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WiSA Technologies Eyes $10M Boost: Is It Enough?

WiSA Technologies, Inc. has priced its public offering at approximately $10 million as part of its expansion plans in the wireless audio market. Concerns about the company's financial health and declining revenue may impact investor confidence.

by Mark Eisenberg
Mon, Feb 12, 2024 7:24pm
in Technology
• 2 mins read
14.8k
WiSA Technologies Eyes M Boost: Is It Enough? | FinOracle

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WiSA Technologies, Inc. Announces Pricing of Public Offering

**WiSA Technologies, Inc. (NASDAQ:WISA)**, a leading provider of wireless audio technology, has announced the pricing of its public offering at approximately $10 million. The offering involves the sale of 153,840,000 units at $0.065 each, which includes a share of common stock or a pre-funded warrant and a warrant to purchase additional common stock. The warrants can be exercised at the same price of $0.065 after receiving stockholder approval and remain valid for five years. Maxim Group LLC is the sole placement agent for the offering, which is expected to close on February 13, 2024.

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