WISA Stock-WiSA Technologies Prices a $7.6M Offering of Securities

WISA Stock

WiSA Stock (WISA:NSD) Analysis:

Last Closing Price: $0.17

Consensus Analyst Rating: Strong Buy

12-Month Price Target: $2.50

Market CAP: $3.00 Million

 

WiSA Technologies (WISA:NSD) has priced its first public offering of 50,400,000 shares and 3,600,000 pre-funded units at $0.14 per unit for anticipated gross revenues of $7.6 million.

Each unit consists of one share of common WiSA stock, one Series A Warrant to purchase one share of common stock immediately exercisable at $0.14 per share and expiring five years from the date of issuance, and one Series B Warrant to purchase one share of common stock immediately exercisable at $0.14 per share and expire five years from the date of issuance.

Each pre-funded unit will include one pre-funded warrant to acquire one share of common stock, one warrant of Series A, and one warrant of Series B.

The offering is anticipated on or around December 1, 2022.

 

About Wisa Technologies Inc. (WISA:NSD):

WiSA Technologies, Inc. develops, manufactures, and sells audio wireless technology for smart devices and next-generation home entertainment systems under the WiSA brand name in the United States, Taiwan, China, Japan, and Korea.

It delivers immersive audio experiences for high-definition content, including movies, video, music, sports, gaming/esports, and others. The company was formerly known as Summit Wireless Technologies, Inc. and changed its name to WiSA Technologies Inc. in March 2022. WiSA Technologies, Inc. was incorporated in 2010 and is headquartered in Beaverton, Oregon.

 

WiSA Stock-Analyst Ratings:

Maxim Group lowered the WISA stock price target to USD 1.

Ascendiant lowered the WISA stock price target to USD 4.5.

HC Wainwright maintains the Buy rating with a stock price target of USD 2.

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