BEAVERTON, Ore.–(BUSINESS WIRE)–WiSA Applied sciences, Inc. (WiSA Applied sciences, WiSA or the Firm) (NASDAQ: WISA), which plans to finish its acquisition of the Firm’s Datavault ® mental property and IT belongings personal Information Vault Holdings Inc. ® and altering its title to Datavault Inc. on or about December 31, 2024, will maintain a particular convention name right this moment, Monday, December 30 at 8 a.m. PT / 11 a.m. ET to debate its beforehand introduced definitive settlement to accumulate privately held CompuSystems, Inc. (CSI), a number one supplier of registration, information analytics and lead administration companies for occasions in direct.
Individuals within the particular convention name will embody:
- Nate Bradley, CEO of Information Vault Holdings Inc.
- Mark LoGiurato, CEO of CompuSystems, Inc.
- Brett Moyer, CEO of WiSA Applied sciences, Inc.
- Michael Fazio, controlling investor, CompuSystems, Inc.
A stay webcast will be discovered right here:
Webcast | Name to traders relating to the acquisition of CSI
Those that do not need Web entry or want to join can name: 1-833-366-1124 (home) or 1-412-317-0702 (worldwide). All callers ought to dial roughly 10 minutes earlier than the scheduled begin time and request to affix the WiSA Applied sciences name.
A webcast replay of the decision shall be accessible roughly one hour after the decision ends and shall be accessible for 90 days, through the webcast hyperlink above. A phone replay of the decision shall be accessible till January 6, 2025 and will be considered by calling 1-877-344-7529 (home) or 1-412-317-0088 (worldwide) or in Canada (toll-free ) 855-669-9658 and utilizing the entry code 8628366.
A presentation will accompany the decision and shall be accessible on Monday, December 30, 2024, within the Traders part of the WiSA Applied sciences web site.
About CompuSystems
CompuSystems is a number one supplier of registration, information analytics and lead administration companies for stay occasions, providing industry-leading options and unmatched buyer help to shoppers within the industrial, affiliation, company and authorities. With a powerful give attention to innovation, customer support and sustainability, CompuSystems is devoted to delivering distinctive occasion experiences to shoppers and their attendees. Be taught extra about CompuSystems right here.
About Information Vault Holdings Inc.
Information Vault Holdings Inc. is a know-how holding firm that gives a proprietary cloud-based platform for blockchain object supply. Information Vault Holdings Inc. supplies companies with the instruments to securely monetize information belongings via its Data Information Alternate ® (IDE). The Firm is finalizing the consolidation of its subsidiaries Information Donate Applied sciences, Inc., ADIO LLC and Datavault Inc. as wholly owned subsidiaries beneath a single company construction. Be taught extra about Information Vault Holdings Inc. Datavault Inc. and True Luck, Inc. as wholly owned subsidiaries beneath one company construction. Be taught extra about Information Vault Holdings Inc. at www.datavaultsite.com.
ADIO has developed a revolutionary ad-based monetization platform that enhances consumer expertise via high-frequency audio promoting. ADIO makes use of its pioneering patented information packet know-how to combine into an audio file for a extra strong consumer expertise. Be taught extra about ADIO right here.
About WiSA Applied sciences, Inc.
WiSA is a number one supplier of immersive wi-fi sound applied sciences for next-generation good units and residential leisure techniques. Working with main CE manufacturers and producers reminiscent of Harman Worldwide, a division of Samsung (KS:); LG; Hisense; TCL; Bang & Olufsen; Audio Platinum; and others, the corporate delivers immersive wi-fi sound experiences for high-definition content material, together with films and movies, music, sports activities, gaming/esports, and extra. WiSA Applied sciences, Inc. is a founding member of WiSA™ (Wi-fi Speaker and Audio Affiliation) whose mission is to outline requirements for wi-fi audio interoperability in addition to work with main client electronics corporations, know-how suppliers, retailers and ecosystem companions to evangelize and commercialize spatial audio applied sciences pushed by WiSA Applied sciences, Inc. The corporate is headquartered in Beaverton, Oregon, with gross sales groups in Taiwan, China, Japan, Korea and California.
Warning Relating to Ahead-Trying Statements
This press launch incorporates forward-looking statements throughout the that means of Part 27A of the Securities Act of 1933, as amended (the Securities Act), and Part 21E of the Securities Alternate Act of 1934, as amended. These forward-looking statements embody, amongst different issues, the expectations of the Firm and Information Vault Holdings, Inc. relating to the closing of its proposed asset buy between them (the DataVault Asset Buy), the timing of the change of title of the Firm, the expectations of the Firm and CSI relating to the proposed acquisition of CSI by the Firm (the Acquisition), together with statements relating to the advantages of the Acquisition, the anticipated timing of the Acquisition, implicit analysis of CSI, the merchandise provided by CSI and the markets during which it operates, and the Firm’s and CSI’s projected future outcomes and market alternatives, in addition to data relating to WiSA’s future working outcomes and enterprise technique. Readers are cautioned to not place undue reliance on these forward-looking statements. Precise outcomes could differ materially from these indicated in such forward-looking statements on account of varied elements, together with, however not restricted to: (i) dangers and uncertainties impacting WiSA’s enterprise, together with dangers associated to to its present liquidity place and the necessity to acquire further financing to help ongoing operations, the power of WiSA to proceed as a going concern, the power of WiSA to take care of the itemizing of its frequent inventory on Nasdaq, the power to WiSA to foretell when profitable designs will enter manufacturing and potential future income related to design wins, WiSA’s capacity to foretell its development price, WiSA’s capacity to foretell buyer demand for current and future merchandise and guarantee a ample manufacturing capability, client demand circumstances affecting the top markets of WiSA’s prospects, WiSA’s capacity to rent, retain and inspire staff, the consequences of competitors on WiSA’s enterprise, together with competitors on costs, developments technological, regulatory and authorized dangers, developments within the financial system and monetary markets, and potential injury attributable to software program defects, laptop viruses and improvement delays, (ii) dangers related to the acquisition of belongings DataVault, together with WiSA’s capacity to shut the acquisition of belongings on a well timed foundation or in any respect, or on anticipated phrases, whether or not on account of WiSA’s capacity to fulfill the relevant closing or in any other case, in addition to that the dangers linked to the capability of WiSA to comprehend any or all the anticipated advantages of the acquisition of DataVault belongings, (iii) the dangers related to the acquisition, together with the power of WiSA to shut the acquisition in a well timed method or in any respect, or on the phrases anticipated, whether or not on account of WiSA’s capacity to fulfill the relevant closing or in any other case, in addition to dangers regarding WiSA’s capacity to comprehend some or all the anticipated advantages of the acquisition, all dangers which may have an antagonistic impact on the actions, the monetary situation and outcomes of operations of CSI, together with however not restricted to cybersecurity dangers, the potential for errors within the design and use of AI, dangers associated to regulatory compliance and prices, potential damages attributable to information privateness breaches, digital enterprise disruption and geopolitical dangers, and (iv) different dangers as set out sometimes. on time in WiSA filings with america Securities and Alternate Fee. The data contained on this press launch is as of the date hereof and neither the Firm nor CSI undertakes any obligation to replace this data until required by legislation. The reader is cautioned to not depend on any forward-looking statements. Neither the Firm nor CSI provides any assure that the Firm or CSI will meet their expectations.
View supply model on businesswire.com: https://www.businesswire.com/information/dwelling/20241230403499/en/
Traders:
David Barnard, Alliance Advisors Investor Relations, 415-433-3777, dbarnard@allianceadvisors.com
Supply: WiSA Applied sciences, Inc.
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