November 2, 2022

WiSA Technologies

WiSA Technologies, a developer of spatial, wireless sound technology for smart devices and next-generation home entertainment systems, is moving forward in its exploration of strategic alternatives to consider a wide range of options for the company. To explore strategic opportunities specifically involving the company's IP and licensable software used in WiSA E and WiSA DS technologies, the board of directors approved the engagement of AQ Technology Partners during the third quarter to assist in this process. To date, four companies have executed NDAs in consideration of a potential transaction. WiSA Technologies, with its advisors, is evaluating a broad range of strategic transactions. Potential strategic transactions that may be explored or evaluated as part of this process include the potential for capital raising transactions, an acquisition, sale of assets, including substantially all of the company's assets, merger, business combination, partnership, joint venture, licensing and/or another strategic alternative. Despite devoting efforts to identify and evaluate potential strategic transactions, the process may not result in any definitive offer to consummate a strategic transaction. WiSA Technologies does not expect to disclose developments with respect to this process unless or until the evaluation of strategic alternatives has been completed or the board of directors has concluded disclosure is appropriate or legally required. WiSA Technologies is headquartered in Beaverton, OR.