Certain Warrants of WiSA Technologies, Inc. are subject to a Lock-Up Agreement Ending on 14-APR-2024.
April 13, 2024
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Certain Warrants of WiSA Technologies, Inc. are subject to a Lock-Up Agreement Ending on 14-APR-2024. These Warrants will be under lockup for 61 days starting from 13-FEB-2024 to 14-APR-2024.
Details:
The Company's officers and directors have agreed, subject to certain exceptions, not to offer, issue, sell, contract to sell, encumber, grant any option for the sale of or otherwise dispose of any shares of Common Stock or other securities convertible into or exercisable or exchangeable for Common Stock for a period of 60 days after this offering is completed without the prior written consent of the placement agent.
WiSA Technologies, Inc. is a provider of wireless sound technology for intelligent devices and next generation home entertainment systems through the sale of module components to audio companies as well as audio products to resellers and consumers. The Companyâs wireless technology, WiSA E, is software-based and works with standard Wi-Fi chips. Its technology is designed for easy implementation for the manufacturing brand to design with; flexibility to accommodate various price points and business models and maintaining wireless performance for the consumer. It has designed wireless modules, which provide high performance wireless audio for its customers to integrate into their products, such as a speaker, television, soundbars, set-top-boxes, and HDMI dongles. These modules can be designed using its custom semiconductors with its IP built in, as well as a Wi-Fi radio for communications or with its WiSA E software loaded onto a third-party Internet of things (IoT) Wi-Fi chip.
WISA TECHNOLOGIES, INC. 
