Summit Wireless Technologies Inc. (NASDAQ: WISA) Enters Securities Purchase Agreement To Sell 2.5 Million Common Shares

July 26, 2021

Summit Wireless Technologies Inc. (NASDAQ: WISA) dropped 15% after announcing the signing of a securities purchase agreement with various accredited institutional investors to offer and sell 2.5 million common shares of its stock at $4 per share.  Summit Wireless Announce $10 million direct offering  The company will offer the shares in a registered at-the-market direct offering as per the Nasdaq rules and expects gross proceeds of $10 million. Subject to…