WiSA, Trading at Under $1, Is Exploring 'Strategic Alternatives'

WiSA Technologies is exploring “strategic alternatives” to consider “a wide range of options” for the struggling wireless multichannel audio company, it said Monday. Shares opened at 51 cents Monday and closed 5.7% higher at 55 cents. Its Q2 revenue was $900,000. Potential strategic transactions that may be evaluated as part of the process include raising capital, an acquisition, sale of assets, merger, business combination, partnership, joint venture, licensing or other alternatives, the company said. WiSA doesn’t plan to disclose developments in the process until the evaluation of strategic alternatives has been completed.