WiSA Announces Thursday Public Offering to Raise $7.6M
WiSA announced pricing of a public offering planned for “on or about December 1" that it expects to generate proceeds of $7.6 million. The public offering is an aggregate 50.4 million units and 3.6 million prefunded units at an effective…
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offering price of 14 cents per unit, the company said Tuesday. WiSA was due to report Q3 earnings Nov. 14 but requested a delay in consideration of “previously announced and ongoing exploration of strategic alternatives" (see 2211150007). At the end of last month, the struggling audio company said it was considering “a wide range of options,” including raising capital, an acquisition, sale of assets, merger, business combination, joint venture and licensing.