WiSA Technologies Signs Letter of Intent to Acquire 3D Audio Soundbar Pioneer Comhear

WiSA Technologies has signed a non-binding letter of intent to acquire Comhear, Inc., the pioneer developer of the first 3D Audio Soundbar using adaptive audio technology. The announcement immediately caused a spectacular boost to WiSA Technologies' shares, given the complementary nature of both companies technologies and solutions in immersive wireless audio. The transaction is expected to close in the third quarter of 2023 and be accretive in the fourth quarter of 2023.

Comhear Inc., a San Diego-based audio technology company, announced it will complete its successful crowdfunding campaign for the YARRA 3DX immersive audio soundbar on May 4, 2018. Having raised nearly $1.1 million to-date, the company is starting the production of its 3D audio soundbar, with plans to deliver the first production units to crowdfunding participants, followed by a retail launch of the product on Amazon in Summer 2018.