WiSA Technologies, Inc. - WISA STOCK NEWS

WiSA Technologies (NASDAQ: WISA) announces that its WiSA E wireless immersive audio software has been embedded onto an Amlogic reference design for set-top boxes. Amlogic will showcase this WiSA-E-enabled STB reference design at the IBC show in Amsterdam. The 2.1-capable design runs on Amlogic's latest set-top box SoC with their Wi-Fi chip, using the Android 14 operating system. WiSA E supports multiple audio channels and formats like Dolby Atmos and Google's IAMF. This implementation leverages WiSA Express, allowing a fast 90-day development cycle without hardware changes. The technology aims to bring cost-effective, cable-free, high-quality multichannel audio to various source devices.

WiSA Technologies, Inc. (NASDAQ: WISA) has announced its participation in several upcoming investor conferences. The company will present at the Gateway Conference on September 5, 2024, in San Francisco, the H.C. Wainwright 26th Annual Global Investment Conference from September 9-11, 2024, in New York City, and the Lake Street BIG8 Best Ideas Growth Conference on September 12, 2024, in New York City.

Additionally, WiSA Technologies has entered a definitive agreement to acquire assets of Data Vault Holdings, Inc.®, forming a data technology and licensing company. This acquisition, subject to stockholder approval, is expected to close before December 31, 2024. Investors can access more information about these events and the business combination on the company's website.

WiSA Technologies (NASDAQ: WISA) has executed a $210 million definitive agreement to purchase assets from Data Vault Holdings Inc. The deal includes High-Performance Computing (HPC) software and Acoustic Technologies IP, creating a licensing and technology company with an extensive patent portfolio. The purchase consists of 40 million shares of common stock at $5 per share plus a $10 million 3-year Note.

The resulting company will offer two solutions: Data Sciences, licensing HPC software applications and Web 3.0 data management, and Acoustic Sciences, licensing spatial and multichannel HD sound transmission. The transaction is expected to close by December 31, 2024, subject to stockholder approval.

WiSA Association, a subsidiary of WiSA Technologies, Inc. (NASDAQ: WISA), has announced significant progress in its WiSA E licensing program. The company has secured agreements covering 43% of the Android-based HDTV market, which represents the largest segment in the industry. Android powers over 37% of all HDTV units, double the share of the second most popular OS.

With this achievement, WiSA is now focusing on building an ecosystem of WiSA E-enabled speaker systems to support its HDTV licensees. The company aims to replicate the success of its WiSA HT technology, which has been implemented by over 25 companies. WiSA E includes a full suite of audio features and can be implemented across four major HDTV SoC providers.

WiSA Technologies announced it has regained compliance with Nasdaq's minimum stockholders' equity requirement of $2.5 million. This follows the company's efforts to improve its balance sheet through equity raises and liability reductions. WiSA Technologies raised approximately $9.2 million in net proceeds from securities offerings between April and May 2024, and amended warrants to increase stockholders' equity by $4.5 million.

The company is now subject to a mandatory panel monitor for one year from July 3, 2024. WiSA Technologies also reported signing its fifth WiSA E licensing deal, expanding its presence in the wireless audio market, which is expected to grow to $296 billion by 2030.

WiSA Technologies announced that Buchardt Audio's Sub10 wireless subwoofer has achieved WiSA HT interoperability certification. This certification highlights the Sub10's ability to work seamlessly with other WiSA HT-certified products, providing uncompressed, high-quality sound transmission. The Sub10, which took two years to develop, features a carefully designed subwoofer driver, enclosure, and Hypex amplifier, with app-controlled DSP functions like Room Correction and Manual EQ for enhanced performance and flexibility. This is Buchardt’s fourth WiSA-certified product, following the A500 monitor, Anniversary 10 monitor, and A700 tower.

WiSA Technologies announced the appointment of Kimberly Briskey to its Board of Directors. Briskey, with over 15 years in strategic business and financial management, currently serves as Brand CFO of Eddie Bauer at SPARC Group , managing an $800M multichannel business. She has held senior roles at companies like Lucky Brand, Beyond Yoga, J Brand, and GUESS? INC., and holds degrees from Arizona State University and the Fashion Institute of Design and Merchandising. The company also announced the resignation of Director Lisa Cummins effective June 12, 2024.

WiSA Technologies (Nasdaq: WISA) has reported its Q1 2024 financial results. The company has secured five WiSA E licensing agreements, up from two at the beginning of 2024, and expects to have eight agreements by year-end. The first WiSA E-enabled products are expected to contribute to revenues in the second half of 2024. Additionally, the company anticipates increased revenue from WiSA HT customers in the latter half of the year due to resumed orders. WiSA has bolstered its cash balance to approximately $8 million as of May 20, 2024, to support its growth strategy.

WiSA Technologies (NASDAQ: WISA) reports strong interest from major consumer electronics manufacturers in its WiSA E technology. The company has signed five licensing agreements with prominent brands, and three more are under review. WiSA E is set to launch in the second half of 2024.

WiSA E offers seamless integration across various platforms, including TVs, projectors, and set-top boxes, with no additional BOM cost. It is compatible with major SoCs like MediaTek and Qualcomm, supports Android devices, and works with any Wi-Fi chip. This universal interoperability positions WiSA E as a cost-effective and high-quality solution.

The technology aims to enhance audio experiences across different devices, providing a seamless and immersive sound experience.