WiSA (WISA) Form 3 Initial statement of insider ownership

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Medalist Partners LP

(Last) (First) (Middle)

777 THIRD AVENUE, SUITE 1402

(Street)

NEW YORK NY 10017

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/27/2018

3. Issuer Name and Ticker or Trading Symbol
Summit Semiconductor Inc. [ WISA ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,970,348	I	See footnote(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrant (Right to Buy)	(2)	11/30/2023	Common Stock	222,222	3.6	I	See footnote(1)
Warrant (Right to Buy)	(2)	04/20/2023	Common Stock	92,600	3	I	See footnote(1)
Warrant (Right to Buy)	(2)	06/14/2023	Common Stock	18,520	3	I	See footnote(1)
Warrant (Right to Buy)	(2)	06/25/2023	Common Stock	69,450	3	I	See footnote(1)
Warrant (Right to Buy)	(2)	06/28/2023	Common Stock	541,668	3	I	See footnote(1)

Explanation of Responses:

1. These securities of Summit Semiconductor, Inc. (the "Company") are held in equal portions by Medalist Partners Harvest Master Fund, Ltd. and Medalist Partners Opportunity Master Fund A, L.P. (together, the "Medalist Funds"), each of which is managed by Medalist Partners LP ("Medalist"). Medalist does not individually hold or otherwise beneficially own any of these securities. Each of the Medalist Funds has delegated to Medalist the power to vote and the power to direct the disposition of these securities held by the Medalist Funds. Medalist disclaims beneficial ownership of these securities, except to the extent of its pecuniary interest therein

2. These warrants are currently exercisable but contain a provision prohibiting exercise to the extent that the holder, together with its affiliates, would beneficially own in excess of 9.99% of the number of shares of the Company's common stock outstanding immediately after giving effect to such exercise, subject to increase or decrease upon prior written notice to the Company, in the case of any increase, of not less than 61 days.

	/s/ Gurdev Dillon, CFO	07/27/2018
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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