24/7 Market News Snapshot 23 December, 2024 – WiSA Technologies, Inc. Common Stock (NASDAQ:WISA)

December 23, 2024

DENVER, Colo., 23 December, 2024 (247marketnews.com) – (NASDAQ:WISA) are discussed in this article.
WiSA Technologies, Inc. is experiencing significant momentum in the market, as evidenced by its stock surge to $2.201, reflecting a 29.47% increase from the previous close of $1.700. The trading volume has reached 1.65 million shares, showcasing heightened investor interest and confidence in the company’s trajectory. This positive movement signals a promising outlook for WiSA’s innovative technologies in the audio sector, drawing attention from potential investors eager to capitalize on its growth prospects.

In a transformative strategic move, WiSA has secured overwhelming support from its stockholders for the acquisition of Datavault® intellectual property and information technology assets from Data Vault Holdings Inc. The acquisition was endorsed by an impressive 94% of votes from stockholders present or represented, marking a pivotal moment for the company as it ventures into the realm of data technology and licensing. Valued at 40 million shares of common stock along with a $10 million unsecured promissory note, the acquisition is anticipated to close around December 31, 2024, contingent on standard conditions.

Upon finalization, WiSA Technologies will rebrand itself as Datavault Inc., dedicating its efforts to pioneering solutions in Blockchain Data and AI Web 3.0 asset monetization. With a focus on tokenization, data ownership, and digital twins, the new entity aims to innovate within two primary segments: Data Sciences and Acoustic Sciences. The Data Sciences division will deliver high-performance computing and data management solutions across multiple sectors, including biotech and healthcare, while Acoustic Sciences will enhance sound transmission technologies for diverse industries such as sports, automotive, and finance.

Brett Moyer, CEO of WiSA Technologies, highlighted the significance of this activity, indicating a historic shift for the company, while Nathaniel T. Bradley, co-founder of Data Vault Holdings, noted the anticipated benefits of increased growth potential and capital resources. As Datavault Inc. positions itself to redefine data monetization, it is set to meet the challenges of a rapidly shifting digital economy.

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