SEC Filing Summary: WiSA Technologies, Inc. (Form 8-K)
Business Context and Reporting Period
This Current Report on Form 8-K was filed by WiSA Technologies, Inc. (not Datavault AI Inc.) on August 31, 2022. The registrant is a Delaware corporation with its principal executive office in Beaverton, Oregon, and its common stock trades on The Nasdaq Capital Market under the symbol WISA. The company is classified as an emerging growth company.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on a corporate governance action regarding the company's capital structure.
Material Changes
The primary material event reported is the elimination of the Series A 8% Senior Convertible Preferred Stock:
- Action: The Company filed an Elimination Certificate with the Delaware Secretary of State to cancel all designations, rights, and preferences of the Series A Preferred Stock.
- Background: In June 2021, all 250,000 previously issued shares of Series A Preferred Stock were exchanged for common stock and warrants.
- Current Status: Prior to this filing, no shares of Series A Preferred Stock were issued or outstanding. The authorized shares have resumed the status of authorized but unissued preferred stock.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, outlook, or discussion of risks and contingencies. The document serves solely to disclose the administrative elimination of the preferred stock class.
Investor Verification Checklist
- Verify the ticker symbol WISA corresponds to WiSA Technologies, Inc., not Datavault AI Inc.
- Confirm the effective date of the Series A Elimination Certificate (August 31, 2022).
- Review the attached Exhibit 3.1 for the full legal text of the Elimination Certificate.
- Note that this filing does not contain updated financial performance data; refer to the most recent 10-Q or 10-K for financial metrics.