WISA TECHNOLOGIES, INC. Files 8-K

TL;DR

WISA TECHNOLOGIES (formerly Summit Wireless) filed an 8-K, watch for name change and bylaw updates.

AI Summary

On April 10, 2024, WISA TECHNOLOGIES, INC. filed an 8-K report detailing several key events. The company announced a change in its corporate name from Summit Wireless Technologies, Inc. to WISA TECHNOLOGIES, INC. effective September 14, 2018. The filing also indicated amendments to its Articles of Incorporation or Bylaws and other events, though specific details on these amendments and events were not elaborated in the provided text.

Why It Matters

This filing formally updates the company's name and signals potential corporate restructuring or governance changes, which could impact investor perception and operational focus.

Risk Assessment

Risk Level: low — The filing is primarily administrative, confirming a past name change and indicating other standard corporate actions without revealing significant new risks.

Key Players & Entities

• WISA TECHNOLOGIES, INC. (company) — Registrant
• Summit Wireless Technologies, Inc. (company) — Former company name
• April 10, 2024 (date) — Date of report
• September 14, 2018 (date) — Effective date of name change

FAQ

Key Financial Figures

• $0.0001 — h registered Common Stock, par value $0.0001 per share WISA The Nasdaq Capital M

Filing Documents

• tm2411698d1_8k.htm (8-K) — 31KB
• tm2411698d1_ex3-1.htm (EX-3.1) — 11KB
• tm2411698d1_ex99-1.htm (EX-99.1) — 8KB
• image_001.jpg (GRAPHIC) — 3KB
• tm2411698d1_ex3-1img001.jpg (GRAPHIC) — 70KB
• 0001104659-24-046753.txt ( ) — 331KB
• wisa-20240410.xsd (EX-101.SCH) — 3KB
• wisa-20240410_lab.xml (EX-101.LAB) — 33KB
• wisa-20240410_pre.xml (EX-101.PRE) — 22KB
• tm2411698d1_8k_htm.xml (XML) — 4KB

03 Material Modification to Rights of

Item 3.03 Material Modification to Rights of Security Holders. To the extent required by Item 3.03 of this Current Report on Form 8-K (this "Form 8-K"), the information contained in Item 5.03 of this Form 8-K is incorporated herein by reference.

03 Amendments to Articles of Incorporation

Item 5.03 Amendments to Articles of Incorporation or Bylaws. As previously reported in a Current Report on Form 8-K filed by WiSA Technologies, Inc. (the "Company") on March 16, 2024, at a special meeting of the Company's stockholders held on March 15, 2024, the stockholders of the Company voted to approve an amendment to the Company's certificate of incorporation, as amended ("Certificate of Incorporation"), to effect a reverse stock split of all outstanding shares of Company's common stock, par value $0.0001 per share (the "Common Stock") at a ratio in the range of one-for-five to one-for-one hundred and fifty, to be determined in the sole discretion of the board of directors of the Company (the "Board"). On April 4, 2024, the Board approved a one-for-one hundred and fifty reverse stock split (the "Reverse Stock Split") of its outstanding shares of Common Stock and authorized the filing of a certificate of amendment to the Certificate of Incorporation with the Secretary of State of the State of Delaware (the "Certificate of Amendment") to effect the Reverse Stock Split. On April 12, 2024, the Company filed the Certificate of Amendment to effect the Reverse Stock Split, effective as of 5:00 p.m. Eastern Time on April 12, 2024 (the "Effective Time"). The Common Stock is expected to begin trading on the Nasdaq Capital Market ("Nasdaq") on a split-adjusted basis at the start of trading on April 15, 2024. As a result of the Reverse Stock Split, every one hundred and fifty (150) shares of Common Stock issued and outstanding as of the Effective Time will be converted into one (1) share of Common Stock (the "New Common Stock"). The New Common Stock will have a new CUSIP number of 86633R 609. The Reverse Stock Split does not affect the total number of shares of capital stock, including the Common Stock, that the Company is authorized to issue, which shall remain as set forth pursuant to the Certificate of Incorporation. No fractional shares of New Common Stock will be i

Forward-Looking Statements

Forward-Looking Statements This Form 8-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. Our actual results, performance or achievements may differ materially from those expressed or implied by these forward-looking statements. In some cases, you can identify

forward-looking statements by the use of words such as "may," "will," "expects," "anticipates,"

forward-looking statements by the use of words such as "may," "will," "expects," "anticipates," "aims," "potential" "future," "intends," "plans," "believes," "estimates," "continue," "likely to," and other similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements, including statements herein on the Effective Time and the date that trading of the Common Stock will begin on a split-adjusted basis, are not historical facts and are based on current expectations, estimates and projections about the Company's business which, in part, is based on assumptions made by its management. These forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict, many of which are beyond the Company's control, including, among other things, the Company's ability to maintain the listing of its securities on Nasdaq, and those other risks that may be included in the periodic reports and other filings that the Company files from time to time with the SEC, which may cause the Company's actual results, performance and achievements to differ materially from those contained in any forward-looking statement. Any forward-looking statements speak only as of the date on which they are made, and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this Form 8-K, except as required by applicable law.

01. Other Information

Item 8.01. Other Information. On April 10, 2024, the Company issued a press release with respect to the Reverse Stock Split. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 3.1 Certificate of Amendment to Certificate of Incorporation of WiSA Technologies, Inc., filed with the Secretary of State of the State of Delaware on April 12, 2024 99.1 Press Release dated April 10, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: April 12, 2024 WISA TECHNOLOGIES, INC. By: /s/ Brett Moyer Brett Moyer Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR