0001104659-23-123257.txt : 20231204 0001104659-23-123257.hdr.sgml : 20231204 20231204164808 ACCESSION NUMBER: 0001104659-23-123257 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20231204 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20231204 DATE AS OF CHANGE: 20231204 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WISA TECHNOLOGIES, INC. CENTRAL INDEX KEY: 0001682149 STANDARD INDUSTRIAL CLASSIFICATION: SEMICONDUCTORS & RELATED DEVICES [3674] IRS NUMBER: 301135279 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38608 FILM NUMBER: 231463950 BUSINESS ADDRESS: STREET 1: 15268 NW GREENBRIER PKWY CITY: BEAVERTON STATE: OR ZIP: 97006 BUSINESS PHONE: 408-627-4716 MAIL ADDRESS: STREET 1: 15268 NW GREENBRIER PKWY CITY: BEAVERTON STATE: OR ZIP: 97006 FORMER COMPANY: FORMER CONFORMED NAME: Summit Wireless Technologies, Inc. DATE OF NAME CHANGE: 20180914 FORMER COMPANY: FORMER CONFORMED NAME: Summit Semiconductor Inc. DATE OF NAME CHANGE: 20180501 FORMER COMPANY: FORMER CONFORMED NAME: SUMMIT SEMICONDUCTOR DATE OF NAME CHANGE: 20180416 8-K 1 tm2332100d1_8k.htm FORM 8-K
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): December 4, 2023

 

WISA TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

 

Delaware   001-38608   30-1135279
(State or other jurisdiction
of Incorporation)
  (Commission
File Number)
  (IRS Employer
Identification Number)

  

15268 NW Greenbrier Pkwy

Beaverton, OR

  97006
(Address of registrant’s principal executive office)   (Zip code)

 

(408) 627-4716

(Registrant’s telephone number, including area code)

 

N/A

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading symbol(s)   Name of each exchange on which
registered
Common Stock, par value $0.0001 per share   WISA   The Nasdaq Capital Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company x

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

Item 7.01Regulation FD Disclosure

 

On December 4, 2023, WiSA Technologies, Inc. issued a press release announcing its first licensee of WiSA E software. Attached as Exhibit 99.1 to this Current Report on Form 8-K (this “Form 8-K”) and incorporated into this Item 7.01 by reference is a copy of the press release.

 

The information contained in this Form 8-K under Item 7.01, including Exhibit 99.1 attached hereto, are furnished to, but shall not be deemed filed with, the U.S. Securities and Exchange Commission or incorporated by reference into the Company’s filings under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits

 

Exhibit No.   Description
99.1   Press Release, dated December 4, 2023
104   Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

 

 

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: December 4, 2023 WISA TECHNOLOGIES, INC.
     
  By:   /s/ Brett Moyer
      Brett Moyer   
      President and Chief Executive Officer

 

 

EX-99.1 2 tm2332100d1_ex99-1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

 

Major HDTV Brand Signs WiSA E 5-Year License

 

First Licensee of WiSA E Software Ships 10+ Million HDTVs Annually

 

Beaverton, Ore.--(December 4, 2023)— WiSA Association, a subsidiary of WiSA Technologies, Inc. (NASDAQ: WISA), announces its first licensee of WiSA E software. The licensee, a global brand with over 10 million HDTVs sold annually, will now be able to provide its consumers with a range of wireless immersive audio options including full interoperability with any of the WiSA E-enabled speakers offered by the many WiSA Association speaker brands. The 5-year license allows the licensee to implement WiSA E wireless immersive audio transmitter technology in any or all the member’s HDTV platforms.

 

“We are pleased that our first licensee of WiSA E technology is a well-known global HDTV brand,” said Tony Ostrom, president of the WiSA Association. “We launched this special licensing program for WiSA Association members 60 days ago and have been thrilled at the overwhelming positive member reaction. We fully expect many other HDTV, soundbar, and projector brands to follow suit.”

 

WiSA E entails a full suite of audio features that define how audio should be experienced across HDTVs, soundbars, projectors, mobile devices, set--top boxes and speakers. For licensees, WiSA E is a complete embedded audio solution that touches the entire sound ecosystem.

 

High-quality multichannel audio transport over standard Wi-Fi
Embedded design programs for Android and Linux to support porting of WiSA E software onto popular HDTV SoC providers such as Realtek, Amlogic, Mediatek, and Novatek
WiSA-certified IoT modules for cost-effective integration with interoperable WiSA E-enabled speakers
Universal control across all audio platforms with WiSA Connect - a set of tested API commands that significantly reduce code complexity and development time
Multiple manufacturing capabilities to optimize licensees’ production flows

 

“WiSA E was designed to give brands powerful options to cost-effectively improve their audio offering to their customers,” said Ostrom. “By licensing WiSA E, brands can embed superior audio performance in their products while reducing overall BOM cost.”

 

The WiSA Association includes more than 70 leading speaker and HDTV brands focused on growing the wireless immersive audio ecosystem by providing stunning immersive audio experiences to consumers at all price points. Current WiSA HDTV Association members include LG, TCL, Hisense, Skyworth, and Bang & Olufsen.

 

 

 

 

 

WiSA E Demonstration at CES 2024

 

WiSA Technologies will be demonstrating WiSA E at its suite at CES 2024. For more information about CES or the WiSA E licensing program, contact Tony Ostrom, president of the WiSA Association at tostrom@wisatechnologies.com.

 

Find out more about the WiSA Association at www.wisatechnologies.com.

  

 

About the WiSA Association

 

WiSA® educates, evangelizes and promotes solutions for spatial audio in the home. Working in collaboration with technology developed by WiSA Technologies, Inc., WiSA Association engages with leading consumer electronics companies, technology providers, retailers, and ecosystem partners to make immersive audio an experience everyone can enjoy. WiSA, LLC - the Wireless Speaker and Audio Association - is a wholly owned subsidiary of WiSA Technologies, Inc. For more information about WiSA, please visit: www.wisatechnologies.com.

 

About WiSA Technologies, Inc.

 

WiSA Technologies, Inc. (NASDAQ: WISA) is a leading provider of immersive, wireless sound technology for intelligent devices and next-generation home entertainment systems. Working with leading CE brands and manufacturers such as Harman International, a division of Samsung; LG; Hisense; TCL; Bang & Olufsen; Platin Audio; and others, the company delivers immersive wireless sound experiences for high-definition content, including movies and video, music, sports, gaming/esports, and more. WiSA Technologies, Inc. is a founding member of WiSA™ (the Wireless Speaker and Audio Association) whose mission is to define wireless audio interoperability standards as well as work with leading consumer electronics companies, technology providers, retailers, and ecosystem partners to evangelize and market spatial audio technologies driven by WiSA Technologies, Inc. The company is headquartered in Beaverton, OR with sales teams in Taiwan, China, Japan, Korea, and California.

  

 

© 2023 WiSA Technologies, Inc. All rights reserved. WiSA Technologies, Inc. and the WiSA Technologies, Inc. logo are trademarks of WiSA Technologies, Inc. The WiSA logo, WiSA®, WiSA Ready™, and WiSA Certified™ are trademarks and certification marks of WiSA, LLC. Third-party trade names, trademarks and product names are the intellectual property of their respective owners.

 

 

 

 

 

 

Safe Harbor Statement

 

This press release contains forward-looking statements, which are not historical facts, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify these forward-looking statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Such forward-looking statements, including statements herein regarding our business opportunities and prospects, as well as our licensing initiatives and expectations, are necessarily based upon estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Readers are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated by these forward-looking statements as a result of risks and uncertainties regarding, among other items: the degree to which the licensee implements the licensed technology into its products, if at all; the timeline to any such implementation; our current liquidity position and the need to obtain additional financing to support ongoing operations; general market, economic and other conditions; our ability to continue as a going concern; our ability to maintain the listing of our common stock on Nasdaq; our ability to manage costs and execute on our operational and budget plans; our ability to achieve our financial goals; and other risks as more fully described in our filings with the U.S. Securities and Exchange Commission. The information in this press release is provided only as of the date of this press release, and we undertake no obligation to update any forward-looking statements contained in this press release based on new information, future events, or otherwise, except as required by law.

 

 

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Cover
Dec. 04, 2023
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Dec. 04, 2023
Entity File Number 001-38608
Entity Registrant Name WISA TECHNOLOGIES, INC.
Entity Central Index Key 0001682149
Entity Tax Identification Number 30-1135279
Entity Incorporation, State or Country Code DE
Entity Address, Address Line One 15268 NW Greenbrier Pkwy
Entity Address, City or Town Beaverton
Entity Address, State or Province OR
Entity Address, Postal Zip Code 97006
City Area Code 408
Local Phone Number 627-4716
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, par value $0.0001 per share
Trading Symbol WISA
Security Exchange Name NASDAQ
Entity Emerging Growth Company true
Elected Not To Use the Extended Transition Period false
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