WiSA Technologies, Inc., a Delaware corporation, has recently announced the signing of an asset purchase agreement (the “Agreement”) with CompuSystems, Inc., an Illinois corporation. The deal involves WiSA acquiring various rights and assets used in the Acquired Business from CSI, including customer contracts, trademarks, and intellectual property, as outlined in the Agreement dated December 19, 2024. The purchase price for the Transferred Assets, as stipulated in the Agreement, includes several components such as cash, shares of WiSA’s restricted common stock, and convertible notes. The Agreement consists of customary representations, warranties, and closing conditions subject to certain limitations and third-party consents and agreements. The issuance of securities related to the asset purchase will comply with exemptions from registration under the Securities Act of 1933. Furthermore, two convertible notes will be issued, with details on conversion options and event of default provisions outlined in the Agreement. Additionally, a Voting Agreement has been established requiring the majority of WiSA’s stockholders to vote in favor of the asset purchase at shareholder meetings. This agreement outlines termination clauses based on specific conditions. The press release issued on December 26, 2024, indicated that WiSA Technologies, CSI, and Data Vault Holdings will host an investor conference call on December 30, 2024, to discuss the recent Agreement. More detailed information regarding these transactions can be found in the exhibits attached to the Form 8-K filing with the SEC. Investors and stakeholders are encouraged to review the full details of this Agreement and related documents for a comprehensive understanding of the anticipated transactions and their potential impacts on WiSA Technologies. WiSA Technologies reminds investors that caution is necessary when interpreting forward-looking statements, as uncertainties and risks exist that may impact the actual outcomes of the transactions. The Company and CSI undertake to provide updates as required by law and when significant changes occur. This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read WiSA Technologies’s 8K filing here . About WiSA Technologies ( Get Free Report ) WiSA Technologies, Inc develops, manufactures, and sells audio wireless technology for smart devices and next-generation home entertainment systems in the United States and Europe. The company offers wireless modules. It serves primarily to consumer electronics companies. The company was formerly known as Summit Wireless Technologies, Inc and changed its name to WiSA Technologies Inc in March 2022. Recommended Stories
COCONUT CREEK, Fla., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Willis Lease Finance Corporation (NASDAQ: WLFC) ("WLFC” or the "Company”), the leading lessor of commercial aircraft engines and provider of global aviation service operations, is pleased to announce that it has entered into a transaction with Pratt & Whitney for the purchase of nine new PW1133G-JM aircraft engines, with all purchases expected to occur by December 31, 2024. Pratt & Whitney's GTF engines enable up to 20% better fuel efficiency compared to aircraft powered by the prior generation of engines, are certified for operation on 50% sustainable aviation fuel ("SAF”) and have been successfully tested on 100% SAF. The transaction, valued at approximately $200 million based on Pratt & Whitney's 2024 list prices, is another big step towards providing the most modern and in-demand engines to airlines over the long term. Pratt & Whitney is an RTX (NYSE: RTX) business. "We are thrilled to deepen our partnership with Pratt & Whitney as we continue to invest in cutting-edge, fuel-efficient, engines that deliver environmental benefits. This collaboration aligns perfectly with our growth strategy and will help our customers keep their A320 aircraft flying for the foreseeable future,” said Austin C. Willis, WLFC's Chief Executive Officer. For more information on Willis Lease Finance Corporation, visit www.wlfc.global . Willis Lease Finance Corporation Willis Lease Finance Corporation ("WLFC”) leases large and regional spare commercial aircraft engines, auxiliary power units and aircraft to airlines, aircraft engine manufacturers and maintenance, repair, and overhaul providers worldwide. These leasing activities are integrated with engine and aircraft trading, engine lease pools and asset management services through Willis Asset Management Limited, as well as various end-of-life solutions for engines and aviation materials provided through Willis Aeronautical Services, Inc. Through Willis Engine Repair Center ® , Jet Centre by Willis, and Willis Aviation Services Limited, the Company's service offerings include Part 145 engine maintenance, aircraft line and base maintenance, aircraft disassembly, parking and storage, airport FBO and ground and cargo handling services. Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties. Do not unduly rely on forward-looking statements, which give only expectations about the future and are not guarantees. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. Our actual results may differ materially from the results discussed in forward-looking statements. Factors that might cause such a difference include, but are not limited to: the effects on the airline industry and the global economy of events such as war, terrorist activity and the COVID-19 pandemic; changes in oil prices, rising inflation and other disruptions to world markets; trends in the airline industry and our ability to capitalize on those trends, including growth rates of markets and other economic factors; risks associated with owning and leasing jet engines and aircraft; our ability to successfully negotiate equipment purchases, sales and leases, to collect outstanding amounts due and to control costs and expenses; changes in interest rates and availability of capital, both to us and our customers; our ability to continue to meet changing customer demands; regulatory changes affecting airline operations, aircraft maintenance, accounting standards and taxes; the market value of engines and other assets in our portfolio; and risks detailed in the Company's Annual Report on Form 10-K and other continuing and current reports filed with the Securities and Exchange Commission. It is advisable, however, to consult any further disclosures the Company makes on related subjects in such filings. These statements constitute the Company's cautionary statements under the Private Securities Litigation Reform Act of 1995. CONTACT: Lynn Mailliard Kohler Manager Corporate Communications [email protected] 415.328.4798Eichel scores shootout winner as Golden Knights top Flyers 5-4
Invesco Balanced-Risk Commodity Strategy Fund Q3 2024 CommentaryWorld's Leading Specialty Battery Franchise Achieves Historic Success with Unprecedented Commercial Sales Throughout 2024 Batteries Plus achieved a 23.7% year-over-year increase in total systemwide commercial sales for October 2024 . Franchise commercial sales grew by 24.4% in October, setting a new all-time monthly record. October's systemwide commercial sales marked nearly 20% growth year-over-year for Batteries Plus. HARTLAND, Wis. , Nov. 25, 2024 /PRNewswire/ -- Batteries Plus , the world's leading specialty battery franchise, has marked a historic milestone in October 2024 , setting all-time commercial sales records across its franchise and systemwide channels. Total systemwide commercial sales grew by 23.7% year-over-year, with franchise commercial sales increasing by 24.4%, marking the highest monthly performance in the company's history. The record-breaking success in October was not an isolated achievement, but rather a continuation of a historic 2024. Batteries Plus has experienced more than 20% year-over-year growth in systemwide commercial sales for five of the first 10 months of the year. Year-to-date, total commercial sales have grown by 16.1% through October. "Achieving this record-breaking October is a testament to the extraordinary efforts of our franchisees and the ongoing strength of our commercial growth strategy," said Scott O'Farrell , Chief Commercial Officer of Batteries Plus . "Our commitment to providing exceptional service and innovative solutions for our commercial partners continues to position us as a leader in the industry." This October milestone also capped off a flawless 10-for-10 streak in exceeding commercial sales targets for 2024, driven by Batteries Plus's commitment to exceptional service, in-stock availability, and a diversified approach across consumer and commercial channels. The company has exceeded its sales plan for every month, currently 2.6% ahead of plan through October. Remarkably, the top eight commercial sales months in franchise history have all occurred this year, demonstrating the strength and scalability of the franchise system. "October's success is just the beginning of an exciting period for Batteries Plus," said Joe Malmuth , Chief Development Officer . "We're witnessing substantial growth across all facets of the business. This record-breaking performance is a direct result of our team's tireless efforts to drive meaningful results for our franchise owners and customers alike." Building on this momentum, Batteries Plus is looking ahead to close the year strong, with plans to enhance its market presence, introduce new business partnerships, and continue the expansion of its franchise network that has reached over 800 store locations in operation and development nationwide. In 2024, Batteries Plus was ranked on Franchise Times' Top 400 list at #128 and named to Entrepreneur Magazine 's Franchise 500 ® Hall of Fame, alongside placements on Entrepreneur 's Franchise 500 ® and the Top Brands for Multi-Unit Owners lists. For more information on Batteries Plus, including franchise opportunities and a virtual store tour, visit batteriesplusfranchise.com . ABOUT BATTERIES PLUS: Batteries Plus, founded in 1988 and headquartered in Hartland, WI , is a leading omnichannel retailer of batteries, specialty light bulbs and phone repair services for the direct-to-consumer and commercial channels. The retailer also offers key programming, replacement and cutting services. Through a nationwide network of stores, the company offers a differentiated value proposition of unrivaled product selection, in-stock availability and customer service. Batteries Plus is owned by Freeman Spogli , a private equity firm based in Los Angeles and New York City . To learn more about one of Forbes ® ' Best Franchises to Buy in America, visit https://www.batteriesplusfranchise.com . MEDIA CONTACT: Danny Stewart , Fishman Public Relations, [email protected] or 847-945-1300 ext. 266 SOURCE Batteries Plus
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