WiSA Technologies receives stockholder approval to purchase Datavault assets

WiSA Technologies (WISA) has received stockholder approval to purchase the Datavault intellectual property and information technology assets of privately held Data Vault Holdings for 40M shares of common stock of WiSA Technologies to be issued at closing of the transaction plus a $10M three-year note. In total, 94% of stockholders present or represented by proxy at the meeting voted in favor of the transaction. Closing remains subject to customary conditions and is expected to be completed on or about December 31.