WiSA Technologies (NASDAQ: WISA) filed a Preliminary Proxy Statement for its Annual Meeting, detailing its $210 million acquisition of AI, blockchain, and Web 3.0 IP assets from Data Vault Holdings, Inc. The deal, comprising 40 million shares at $5 each, a $10 million note, and a 3% royalty on applicable revenues, aims to establish a licensing and technology company with a robust patent portfolio. Data Vault’s innovations, including recent patents, the DVHolo hologram suite, and VerifyU academic credential verification platform, highlight its commercialization potential across diverse industries. WiSA and Data Vault CEOs emphasized the transaction’s potential to capitalize on large markets and unlock shareholder value.
To view the full press release, visit https://ibn.fm/bbF0X
About WiSA Technologies Inc.
WiSA Technologies is a leading provider of immersive, wireless sound technology for intelligent devices and next-generation home entertainment systems. Working with leading CE brands and manufacturers such as Harman International, a division of Samsung; LG; Hisense; TCL; Bang & Olufsen; Platin Audio; and others, the company delivers immersive wireless sound experiences for high-definition content, including movies and video, music, sports, gaming/esports and more. WiSA is a founding member of the Wireless Speaker and Audio Association (“WiSA”[TM]) whose mission is to define wireless audio interoperability standards as well as work with leading consumer electronics companies, technology providers, retailers and ecosystem partners to evangelize and market spatial audio technologies driven by WiSA Technologies. The company is headquartered in Beaverton, Oregon, with sales teams in Taiwan, China, Japan, Korea and California. For more information about the company, please visit www.WiSATechnologies.com.
NOTE TO INVESTORS: The latest news and updates relating to WISA are available in the company’s newsroom at https://ibn.fm/WISA
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