Maverick Trader Reveals 97% Accurate System

This man's simple strategy makes money in any market...With a 97% accuracy at hitting winners over the past 8 years!

Why Is WiSA Technologies Stock Surging Premarket Wednesday?

Lekha Gupta
September 04, 2024

WiSA Technologies, Inc. (NASDAQ:WISA) shares are jumping premarket Wednesday. The company inked a definitive asset purchase agreement to acquire the Datavault intellectual property and IT assets from privately held Data Vault Holdings Inc. in a $210 million deal.

The deal includes $200 million in restricted common stock of WiSA Technologies, priced at $5.00 per share, and $10 million in an unsecured promissory note (due in three years, with 10% of any financing proceeds allocated to its repayment).

Datavault’s software and encryption facilitate secure data management and monetization in Web 3.0. The new publicly traded data technology and licensing company will enable clients and partners to monetize Blockchain Data and AI Web 3.0 assets through tokenization, data ownership, and digital twins.

The acquisition will combine Datavault and ADIO assets with WiSA Technologies to offer two solutions. The closing of the transaction is expected to occur before December 31, 2024, pending customary conditions and approval by WiSA Technologies’ stockholders.

“This exciting transaction leverages our public company structure, creating a larger, more dynamic entity with broad reach in multiple, rapidly growing markets,” said Brett Moyer, CEO of WiSA Technologies. “Datavault’s substantial IP portfolio significantly amplifies our spatial audio technology and adds powerful HPC assets.”

Nathaniel T. Bradley, CEO and co-founder of Data Vault Holdings said, “I have repeatedly monetized patent portfolios via licensing models. Now, our Data and Acoustic Sciences are ready for commercial expansion. Already, our applications, including secure tokenization, data ownership and digital twin, have attracted reputable users, and our increased industry awareness positions us to expand our customer base.”

Upon closure, Bradley will become CEO and Moyer CFO. The company will also change its name to Datavault Inc.

In June, WiSA Technologies announced that it has seen significant momentum with its WiSA E software, which has been gaining traction in the $296 billion wireless audio market.

Price Action: WISA shares are up 66.9% at $2.28 premarket at the last check Wednesday.

Image via Shutterstock

Read Next:

  • Nvidia To Invest $137M In Tokyo-Based Sakana AI, Becoming Major Shareholder In The Startup

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Continue Reading...

Popular

Iowa governor sues the Des Moines Register to stop request of emails she claims are protected

DES MOINES, Iowa (AP) — Iowa's governor on Friday sued the Des Moines Register over the newspaper's open records request, asking the court to validate her office's withholding of certain emails she claims are protected.

'COVID-Like' Shortages, Empty Shelves Expected Thanks To Trump Tariffs, Experts Say

President Donald Trump's steep tariffs on Chinese imports could lead to empty store shelves and shortages for consumers in the coming weeks, experts warn. 

The Most Important "AI Stock" You've Never Heard Of - Ad

The AI revolution is moving faster than anyone expected. But what no one is talking about is the one company AI simply can't exist without. It may be the single most important AI investment, yet most people don't even know its name. For now. The moment Wall Street catches on, this $20 stock could explode.

IRS whistleblower on Hunter Biden is out as acting commissioner just days after getting the job

WASHINGTON (AP) — Just days after to acting IRS commissioner, the whistleblower who testified publicly about investigations into Hunter Biden’s taxes is out of the job, according to three people familiar with the decision.

World Economic Forum: "Arguably the Most Exciting Human Discovery Since Fire" - Ad

Sam Altman, Bill Gates, and Mark Zuckerberg are all investing vast sums of money into a radical technology. According to Bloomberg, this could become 10 times bigger than AI, quantum computing, electric vehicles, cryptocurrencies, and robotics combined. And one stock is at the center of it all.

China May Hit US Where It Hurts Amid Trump's Tariff War — Services Trade In Crosshairs, With Walt Disney, IMAX And Warner Bros. Discovery In Focus

As Washington doubles down on its trade war with China, and tariffs now going as high as 104%, some leading experts believe that the Middle Kingdom might have an ace up its sleeve, that could hit the United States where it hurts most—Services.

Rep. Marjorie Taylor Greene bought stocks hit hard by Trump tariffs during the market meltdown

NEW YORK (AP) — Give Marjorie Taylor Greene credit where it’s due: As stocks tanked on tariff fears, she showed her faith in the president not just with words but dollar bills.

No.1 Opportunity for 2025 [Take Action Now!] - Ad

Starlink's potential IPO Could Be the Biggest in History--Silicon Valley insider James Altucher has uncovered a way to profit BEFORE the IPO--with as little as $50. Musk's $180B giant is set to launch--will you miss out? Claim your spot before it's too late.

Surveillance video shows New York-to-Paris flight stowaway slipping past gate agents

NEW YORK (AP) — The woman who was able to sneak onto a New York-to-Paris flight without a boarding pass late last year was able to get on the plane by glomming onto a group of ticketed passengers as they passed gate agents, new surveillance video shows.

Despite a court order, White House bars AP from Oval Office event

Despite a court order, a reporter and photographer from The Associated Press were barred from an Oval Office news conference on Monday with President Donald Trump and his counterpart from El Salvador, Nayib Bukele.

New Study: 50 Stocks Will Crash While 7 MAGA Stocks Will Soar - Ad

If you own any of these stocks -- directly or through mutual funds -- I want to encourage you to sell them before April 30th. I've compiled all 50 companies in my "MAGA Blacklist" report. Your retirement could depend on seeing this list.

Marjorie Taylor Greene Made Large Stock Purchases Ahead Of Trump's 90-Day Tariff Pause: Hakeem Jeffries Calls It 'Problematic'

Rep. Marjorie Taylor Greene (R-Ga.) disclosed her significant stock purchases made just before and on the day of former President Donald Trump's announcement to pause global tariffs. This announcement had a substantial impact on the stock market.

Elon Musk Drops Stunning Bombshell? - Ad

Behind closed doors, Musk revealed a game-changing breakthrough technology that could shake the tech world & crush major companies. Why is no one talking about it? Luckily, we had a man on the inside - watch now to see the details & how to profit!

US Treasury secretary says trade war with China is not 'sustainable'

WASHINGTON (AP) — U.S. Treasury Secretary said in a Tuesday speech that the ongoing against China is unsustainable and expects a "de-escalation" in the trade war between the world's two largest economies.

Beyoncé Partnership, Strong Sales And Low China Exposure - Analyst Upgrades Levi Strauss To Buy

Levi Strauss & Co. (NYSE:LEVI) gets a bullish nod from BofA, highlighting its global brand strength, solid first-quarter results, and robust wholesale recovery. With low leverage and limited China risk, LEVI's diversified growth strategy fuel optimism.

Biggest Dividend Payout in U.S. History: $1 Trillion up for Grabs! - Ad

Trump just launched a $1 trillion National Investment Fund to replace income taxes and send direct payouts to Americans. You could claim up to $21,307--before the first public checks go out. This is historic. Act now to be first in line.

Meta CEO Zuckerberg spars with FTC lawyer over meaning of emails cited in antitrust trial

WASHINGTON (AP) — Meta CEO Mark Zuckerberg sparred Tuesday with a Federal Trade Commission attorney over the meaning of emails the Facebook founder wrote about why he wanted to acquire Instagram, as a historic antitrust trial alleging Meta illegally monopolized the social media market went into its second day.

Putting Your Name on This List Could Hand You $1,270 on Friday - Ad

URGENT: On Tuesday, a simple set of instructions will be sent out to an elite group of investors. The folks in this group will have the opportunity to place a 10-minute trade that could double their money by Friday. Consider this your invitation to join them. The next trade is just days away.

The Latest: China vows countermeasures over Trump tariffs as trade war threatens to intensify

China says it will and take countermeasures against the United States to safeguard its own interests after an additional 50% tariff on Chinese imports.

Trump to Unlock 15-Figure Fortune for America (May 3rd)? - Ad

This map looks ordinary--but according to insider Jim Rickards, it reveals a hidden government asset so massive . Trump may soon unlock it--learn how to position yourself before it's too late!

China accuses US of unilateralism, protectionism and economic bullying with tariffs

BANGKOK (AP) — China on Monday accused the U.S. of unilateralism, protectionism and economic bullying with tariffs, while calling on representatives of American companies including Tesla, to “take concrete actions” to resolve the tariffs.

You Can Take a Stake in Elon's xAI Before May 1st... - Ad

Elon Musk's private AI firm xAI may have just leapfrogged ChatGPT and Google's Gemini--building what experts call the future of AI. For the first time, you can take a stake starting at $500.

Keystone oil pipeline shut down after a rupture in rural North Dakota

BISMARCK, N.D. (AP) — The Keystone oil pipeline was shut down Tuesday morning after it ruptured in North Dakota, with the spill confined to an agricultural field.

One Coin to Rule Them All... - Ad

Hardly any investors are talking about this coin but I believe that's about to change with some potentially huge news! Get in on the ground floor while it's rock bottom with this new how-to guide, just $3.

Paige Bueckers talks about her investment stake in Unrivaled league on 'Good Morning America'

NEW YORK (AP) — Paige Bueckers is ready to start not just her WNBA career with the Dallas Wings but her career as a businesswoman as well.

Trump reaches deals with 5 law firms, allowing them to avoid prospect of punishing executive orders

WASHINGTON (AP) — announced deals Friday with five law firms that will allow them to avoid the prospect of a punishing executive order and require them to together provide hundreds of millions of dollars' worth of free legal services for causes his administration supports.

Musk: My New Robots Could Be Bigger Than Tesla - Ad

With DOGE, Elon Musk isn't afraid of controversy. He's introduced new, humanoid Optimus robots. They'll soon be building Teslas, but that's not all they'll do. Musk also mentioned these AI-brained robots could serve as "romantic companions" for lonely people. Is this the future of AI? No one should bet against Musk.

Rocket Lab Stock Is Shooting Higher Thursday: What's Fueling The Launch?

Rocket Lab USA Inc (NASDAQ:RKLB) shares are trading higher Thursday after the company announced it was selected by Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) to provide a hypersonic test flight for the U.S. Department of Defense (DOD).

Japan reports a $63 billion trade surplus with the US as it talks with Trump on tariffs

TOKYO (AP) — Japan recorded a trade deficit in its March-April fiscal year but racked up a surplus with the U.S., the Finance Ministry reported Thursday.

Nvidia Is About to Shock the World: July 23rd - Ad

Jeff Brown, the tech legend who picked shares of Nvidia in 2016 before they jumped by more than 22,000%, is warning everyone to... Mark this date on your calendar: July 23rd! That's when Nvidia could help send shares of this Elon Musk supplier skyrocketing higher.

Trump administration reverses long-held guidance on 'road diets' for traffic safety

A stylist was just starting her shift at a salon in Kansas City, Missouri, when a car smashed through the storefront window and landed in the waiting area a few feet away.

Corporate plane skids off runway into water in Oregon, injuring 5 people

NORTH BEND, Ore. (AP) — A small corporate plane skidded off a runway and into the water in southern Oregon Monday, injuring five people, officials said.

Maverick Trader Reveals 97% Accurate System - Ad

This man's simple strategy makes money in any market...With a 97% accuracy at hitting winners over the past 8 years!

Scholarships for child care are drying up. Now families are paying the price

PHOENIX (AP) — For parents who need to work but can't afford the steep , federally funded scholarships can be a lifeline. Delivered through state child care assistance programs, the scholarships can mean the difference between a parent working full time — or not at all.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service