Summit Wireless Technologies To Raise $10M Via Institutional Equity Offering At 13% Discount

July 23, 2021 9:35 AM | 23 seconds read | Make a Comment

Summit Wireless Technologies Inc WISA agreed to sell 2.5 million shares at $4 per share in a secondary institutional placement.
The offer price signifies a 13% discount to the Thursday closing price of $4.6.
The estimated gross offering proceeds is $10 million.
The stock has gained 95% in the last year.
Price action: WISA shares traded lower by 16.1% at $3.86 on the last check Friday.

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