WiSA Technologies acquires Datavault assets – Shareholders agree

California-based WiSA Technologies has received shareholder approval to acquire the Datavault assets, which include the intellectual property and IT assets of the privately held company Data Vault Holdings. As part of this transaction, WiSA Technologies will issue 40 million common shares. Additionally, a three-year bond worth 10 million US dollars has been agreed upon. Notably, there is strong shareholder support: as much as 94 percent of the shareholders present or represented by proxy voted in favor of the deal. The completion of the transaction is still subject to some customary conditions, but is expected to occur around December 31.