Summit Wireless Technologies to Host First Quarter Update Conference Call on May 27th
Summit Wireless Technologies, Inc. (NASDAQ: WISA), a leading provider of immersive, wireless sound technology for intelligent devices and next-generation home entertainment systems and founding member of the WiSA Association, provided an update for the first quarter ended March 31, 2020.
NEW YORK, NY / ACCESSWIRE / March 25, 2020 / Summit Wireless Technologies, Inc. (NASDAQ:WISA) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on March 25, ...
Summit Wireless Technologies to Participate in the 32nd Annual ROTH Conference
Summit Wireless Technologies Provides Fourth Quarter Update
Summit Wireless Technologies, Inc. (NASDAQ: WISA), a leading provider of immersive, wireless sound technology for intelligent devices and next-generation home entertainment systems and founding member of the WiSA Association, announced that its Board of Directors has approved a 1-for-20 reverse split (the "Reverse Stock Split") of its common stock (the "Common Stock") that will become effective on Thursday, April 9, 2020. The Common Stock will begin trading on a split-adjusted basis on that day under the new CUSIP number 86633R 203.
WiSA® LLC, the Wireless Speaker and Audio Association, comprised of over 60 leading consumer electronics brands, and founded by Summit Wireless Technologies (NASDAQ: WISA), today announced it has certified two new speakers from System Audio. The newly WiSA Certified™ products include the SA Legend 10 Silverback, a wireless active center-channel speaker and the SA Legend 7 Silverback, a wireless, on-wall speaker. These elegantly designed solutions deliver award-winning sound and work seamlessly with all WiSA Certified transmitters and in harmony with all WiSA Certified speakers to create a complete, best-in-class home entertainment experiences.
WiSA® LLC, the Wireless Speaker and Audio Association, comprised of over 60 leading consumer electronics brands, and founded by Summit Wireless Technologies (NASDAQ: WISA), today announced 4 new members, including Sonavox, Lithe Audio (RetroTouch), Zinwell Corporation, and Heavenly Soundworks.
Summit Wireless Technologies, Inc. (Nasdaq: WISA) (the "Company" or "Summit Wireless"), a leading provider of immersive, wireless sound technology for intelligent devices and next-generation home entertainment systems, announced today the pricing of an underwritten public offering of 2,000,000 shares of its common stock (or pre-funded common stock purchase warrants to purchase common stock in lieu thereof) and common stock purchase warrants to purchase up to an aggregate of 2,000,000 shares of the Company’s common stock. Each share of common stock or pre-funded common stock purchase warrant is being sold together with one common stock purchase warrant to purchase one share of common stock at a combined price to the public of $3.25 per share and common stock purchase warrant. Gross proceeds before deducting underwriting discounts, commissions and other offering expenses are expected to be $6.5 million.
WiSA® LLC, the Wireless Speaker and Audio Association, comprised of over 60 leading consumer electronics brands and founded by Summit Wireless Technologies (NASDAQ: WISA), today announced it has certified the Q UHD Media Center created by Axiim.
Summit Wireless Technologies, Inc. (Nasdaq: WISA) (the "Company" or "Summit Wireless"), a leading provider of immersive, wireless sound technology for intelligent devices and next-generation home entertainment systems, today announced that on April 23, 2020 it closed an underwritten public offering of 2,000,000 shares of its common stock (or pre-funded common stock purchase warrants to purchase common stock in lieu thereof) and common stock purchase warrants to purchase up to an aggregate of 2,000,000 shares of the Company’s common stock. Each share of common stock or pre-funded common stock purchase warrant was sold together with one common stock purchase warrant to purchase one share of common stock at a combined price to the public of $3.25 per share and common stock purchase warrant (or $3.24 per pre-funded common stock purchase warrant and common stock purchase warrant). Gross proceeds before deducting underwriting discounts, commissions and other offering expenses were approximately $6.5 million. In addition, the Company granted to Maxim Group LLC a 45-day option to purchase up to an additional 300,000 shares of common stock and/or common stock purchase warrants to purchase up to an aggregate of 300,000 shares of common stock, at the public offering price, less discounts and commissions, of which Maxim Group LLC has partially exercised its option to purchase additional common stock purchase warrants to purchase up to an aggregate of 229,100 shares of common stock.
WiSA® LLC, the Wireless Speaker and Audio Association founded by Summit Wireless Technologies (NASDAQ: WISA) and comprised of leading consumer electronics brands, today announced the certification of the Milan 5.1 Wireless Home Theater speaker system from Platin, a division of Hansong Technology. The Milan 5.1 Wireless Home Theater solution is a "white-label" product, available immediately for licensing and rebranding by consumer electronics and audio companies worldwide and allows brands to provide an immersive 5.1 audio experience within sound bar price points.
Summit Wireless Technologies, Inc. (Nasdaq: WISA), a leading provider of immersive, wireless sound technology for intelligent devices and next-generation home entertainment systems, today announced the sale of a $2.04 million senior secured security and warrant to Lind Global Macro Fund, LP. At closing, $1.7 million in gross proceeds will be funded, with the net proceeds to be used by Summit for general working capital and debt repayment purposes.
WiSA® LLC, the Wireless Speaker and Audio Association, comprised of over 60 leading consumer electronics brands, and founded by Summit Wireless Technologies (NASDAQ: WISA), today announced certification of the Harman Kardon Citation Sub S. This newly WiSA Certified™ product is the second subwoofer in the Citation line and the third Harman subwoofer overall to be WiSA Certified.
WiSA® LLC, the Wireless Speaker and Audio Association, comprised of over 60 leading consumer electronics brands and founded by Summit Wireless Technologies (NASDAQ: WISA), today announced Broomx Technologies as its newest member. Broomx, the Projected VR Company and makers of the MK360 and BroomxVR catalogue, create the most advanced tools to enjoy virtual reality (VR) in real spaces and work with clients including Nestle, Universal Music Group, BMW Group, Lego, Adidas, Toyota and many others.
Summit Wireless Technologies, Inc. (NASDAQ: WISA), a leading provider of immersive, wireless sound technology for intelligent devices and next-generation home entertainment systems and founding member of the WiSA Association, announced management will hold a call to provide a business update including its fourth quarter results at 1:30 p.m. PT / 4:30 p.m. ET on Wednesday, March 25, 2020.
Summit Wireless Technologies, Inc. (NASDAQ: WISA), a leading provider of immersive, wireless sound technology for intelligent devices and next-generation home entertainment systems and founding member of the WiSA Association, announced today that it has received written notification from Nasdaq that the Company has regained compliance with Nasdaq’s minimum bid price requirement of at least $1.00 per share under Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market. Accordingly, the Company’s common stock will continue to be listed on The Nasdaq Capital Market and Nasdaq considers the matter closed.
WiSA® LLC, the Wireless Speaker and Audio Association, comprised of over 60 leading consumer electronics brands, and founded by Summit Wireless Technologies (NASDAQ: WISA), today announced support of Dolby Atmos height channels, allowing WiSA speaker partners to develop products that include immersive 3D audio experiences made possible by Dolby Atmos technology. WiSA users will be able to assign front height, side height and rear height audio channels to WiSA Certified™ speakers, making it easy for consumers to configure their systems for Dolby Atmos content during set-up.