- 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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