WiSA Technologies Shares Jump 70% on Acquisition Proposal of AI Audio Company

Shares of WiSA Technologies jumped nearly 70% on Monday after the company said it had signed a non-binding letter of intent to acquire the artificial intelligence-enabled audio company Comhear.

The stock soared to a high of $2.68 in early trading before moderating some and held a 55% gain at $2.45 an hour after the market opened. Shares have been nearly cut in half over the past 12 months.

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