WiSA Technologies Shares Triple After License Deal

Dow Jones04-17

By Dean Seal

 

WiSA Technologies shares surged after the company said its subsidiary had signed a five-year license with a major projection TV brand.

Shares were threefold higher at $5.90 after closing Monday at $1.75. The often-volatile stock is still down by two-thirds year-to-date.

The Beaverton, Ore.-based modules maker said before the market opened that its unit, WiSA Association, executed its fourth five-year licensing agreement with a projection TV brand that generates billions of dollars in revenue.

The license allows the brand to integrate WiSA E software into its products, giving them wireless immersive audio options.

 

Write to Dean Seal at dean.seal@wsj.com

 

(END) Dow Jones Newswires

April 16, 2024 14:59 ET (18:59 GMT)

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