Hudson Bay Capital Updates WiSA Tech Stake as of Dec 31, 2023

Ticker: DVLT · Form: SC 13G/A · Filed: Feb 6, 2024 · CIK: 1682149

Wisa Technologies, INC. SC 13G/A Filing Summary
FieldDetail
CompanyWisa Technologies, INC. (DVLT)
Form TypeSC 13G/A
Filed DateFeb 6, 2024
Risk Levelmedium
Pages4
Reading Time5 min
Key Dollar Amounts$0.0001
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: institutional-ownership, amendment, passive-investing

TL;DR

**Hudson Bay Capital just updated their WiSA Technologies stake, watch for market reaction.**

AI Summary

Hudson Bay Capital Management LP, a hedge fund, filed an amended SC 13G/A on February 6, 2024, indicating a change in their ownership stake in WiSA Technologies, Inc. (WISA) as of December 31, 2023. This filing updates their previous disclosure, showing their current position in the company's Common Stock, par value $0.0001 per share. This matters to investors because it reveals a significant institutional investor's updated confidence (or lack thereof) in WISA, potentially influencing market perception and trading activity.

Why It Matters

This filing provides transparency into a major institutional investor's position in WiSA Technologies, Inc., which can signal their sentiment about the company's future prospects.

Risk Assessment

Risk Level: medium — Changes in institutional ownership can create volatility, especially for smaller companies like WiSA Technologies, Inc.

Analyst Insight

Investors should monitor subsequent filings from Hudson Bay Capital Management LP for further changes in their WiSA Technologies, Inc. stake, as well as WiSA's own financial reports, to understand the broader context of this institutional ownership update.

Key Players & Entities

FAQ

What type of filing is this and what does it generally indicate?

This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It indicates that a passive institutional investor, like Hudson Bay Capital Management LP, has updated their ownership stake in a public company, WiSA Technologies, Inc., and that their beneficial ownership remains below 20%.

Who is the reporting person in this filing?

The reporting person is Hudson Bay Capital Management LP, located at 28 Havemeyer Place, 2nd Floor, Greenwich, CT 06830.

What is the subject company whose securities are being reported?

The subject company is WiSA Technologies, Inc., with its business address at 15268 NW Greenbrier Pkwy, Beaverton, OR 97006. Its CIK is 0001682149.

What is the specific class of securities being reported on?

The specific class of securities is Common Stock, par value $0.0001 per share, of WiSA Technologies, Inc., with CUSIP Number 86633R302.

What was the 'Date of Event Which Requires Filing of this Statement'?

The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, meaning the ownership position being reported is as of that date.

Filing Stats: 1,263 words · 5 min read · ~4 pages · Grade level 9.7 · Accepted 2024-02-06 15:11:49

Key Financial Figures

Filing Documents

(a)

Item 1(a). NAME OF ISSUER: The name of the issuer is WiSA Technologies, Inc., a Delaware corporation (the " Company ").

(b)

Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: The Company's principal executive offices are located at 15268 NW Greenbrier Pkwy, Beaverton, OR 97006.

(a)

Item 2(a). NAME OF PERSON FILING: This statement is filed by Hudson Bay Capital Management LP (the " Investment Manager ") and Mr. Sander Gerber (" Mr. Gerber "), who are collectively referred to herein as " Reporting Persons ."

(b)

Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The address of the business office of each of the Reporting Persons is 28 Havemeyer Place, 2nd Floor, Greenwich, Connecticut 06830.

(c)

Item 2(c). CITIZENSHIP: The Investment Manager is a Delaware limited partnership. Mr. Gerber is a United States citizen.

(d)

Item 2(d). TITLE OF CLASS OF SECURITIES: Common Stock, par value $0.0001 per share (the " Common Stock ").

(e)

Item 2(e). CUSIP NUMBER: 86633R302 Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b) OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A: (a) ¨ Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) ¨ Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) ¨ Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) ¨ Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) ý Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) ¨ Employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) ý Parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) ¨ Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) ¨ Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); (j) ¨ Non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J); (k) ¨ Group, in accordance with Rule 13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. The information required by Items 4(a) – (c) is set forth in Rows (5) – (11) of the cover page for each Reporting Person hereto and is incorporated herein by reference for each such Reporting Person. The percentages used in this Schedule 13G/A are calculated based upon 17,742,705 shares of Common Stock outstanding as of November 10, 2023, as reported in the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2023 filed with the Securities and Exchange Commission on November 14, 2023, and assume the exercise of the warrants held by Hudson Bay Master Fund Ltd. The Investment Manag

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of its or his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. DATE: February 6, 2024 HUDSON BAY CAPITAL MANAGEMENT LP By: /s/ Sander Gerber Name:Sander Gerber Title:Authorized Signatory /s/ Sander Gerber SANDER GERBER

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