WISA Technologies, Inc.
Climate Impact & Sustainability Data (2023, 2024)
Reporting Period: 2023
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Slow-down in consumer spending on consumer electronics resulting in lower sales volumes.
- Cybersecurity risks as the company grows.
Mitigation Strategies
- Plans to develop a more robust cybersecurity strategy.
- Plans to raise additional funds to support operations.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Period: 2024
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- The market price for the Common Stock is particularly volatile given the Company’s status as a relatively unknown company with a small and thinly traded public float, and lack of profits, which could lead to wide fluctuations in the share price of the Common Stock.
- The Company has been notified by the Staff at The Nasdaq Stock Market LLC (“Nasdaq”) of its failure to comply with certain continued listing requirements and the Staff’s determination to delist the Company’s securities, subject to the Company’s appeal of the Staff’s determination to delist the Company’s securities to a Hearings Panel, which appeal is scheduled for March 28, 2024; however there can be no assurance that the Company’s appeal will be successful and that its securities will continue to be listed on Nasdaq.
Mitigation Strategies
- The Company is appealing the Nasdaq Staff's determination to delist the Company's securities to a Hearings Panel.