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Stock impact report

Summit Wireless Technologies Prices Follow-On Offering of Common Stock

WiSA Technologies, Inc. (WISA) 
Company Research Source: Business Wire
SAN JOSE, Calif.--(BUSINESS WIRE)-- Summit Wireless Technologies, Inc (NASDAQ: WISA), a leading provider of immersive, wireless sound technology for intelligent devices and next-generation home entertainment systems and founding member of the WiSA Association, today announced the pricing of its follow-on public offering of 4,075,726 shares of its common stock at a price to the public of $1.33 per share, for total gross proceeds of approximately $5.4 million. Summit intends to use the net proceeds of the offering for general corporate purposes, including working capital and product development. Alexander Capital, LP is acting as sole bookrunner for the offering. Registration statements relating to these securities have been filed with the Securities and Exchange Commission and became effective on May 21, 2019. The offering is being made only by means of a prospectus. Copies of the final prospectus Show less Read more
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