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Stock impact report

Summit Wireless Technologies Raises $1.8 Million in a Registered Direct Offering

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, announced it has closed a registered direct offering with certain institutional investors, of 2.5 million registered common shares priced at $0.70 per share.The gross proceeds of the offering are approximately $1.8 million before underwriter’s fees and other estimated offering expenses. The company intends to use the net proceeds from the offering for working capital purposes.Alexander Capital acted as sole underwriter for the transaction.About Summit Wireless Technologies, Inc.Summit Wireless Technologies, Inc. (NASDAQ: WISA) 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 Electr Show less Read more
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