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Datavault AI (NASDAQ: DVLT) Enters LOI to Acquire CyberCatch

  • 2 min read
  • Datavault AI Inc. NASDAQ: DVLT

At a glance

Company
Datavault AI
Ticker
NASDAQ: DVLT
Announcement
Acquisition

Key figures

Transaction value
about CAD $136.8 million
CyberCatch stake to be acquired
100%

People

  • Sai HudaCyberCatch founder, Chairman and CEO; expected president of the Datavault AI subsidiary

Products and programs

  • CyberCatch AI-enabled cybersecurity platform

Datavault AI (NASDAQ: DVLT), a provider of data monetization, credentialing, digital engagement and real-world asset (“RWA”) tokenization technologies, and CyberCatch (TSXV: CYBE) (OTCQB: CYBHF), a cybersecurity company offering a patented, AI-enabled platform for continuous compliance and cyber risk mitigation, announced they have entered into a binding letter of intent under which Datavault AI will acquire 100% of CyberCatch in an all-stock transaction valued at about CAD $136.8 million. CyberCatch is expected to operate as a Datavault AI subsidiary, with founder, Chairman and CEO Sai Huda serving as president of the subsidiary.

To view the full press release, visit https://ibn.fm/lktOf

About Datavault AI Inc.

Datavault AI is leading the way in AI experience, valuation, and monetization of assets in the Web 3.0 environment. The company’s cloud-based platform provides comprehensive solutions with a collaborative focus in its Acoustic Science and Data Science Divisions. Datavault AI’s Acoustic Science Division features WiSA(R), ADIO(R) and Sumerian(R) patented technologies and industry first foundational spatial and multichannel wireless HD sound transmission technologies with IP covering audio timing, synchronization and multi-channel interference cancellation. The Data Science Division leverages the power of Web 3.0 and high-performance computing to provide solutions for experiential data perception, valuation and secure monetization. Datavault AI’s cloud-based platform provides comprehensive solutions serving multiple industries, including HPC software licensing for sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, energy and more. The Information Data Exchange(R) (IDE) enables Digital Twins, licensing of name, image, and likeness (NIL) by securely attaching physical real-world objects to immutable metadata objects, fostering responsible AI with integrity. Datavault AI’s technology suite is completely customizable and offers AI and Machine Learning (ML) automation, third-party integration, detailed analytics and data, marketing automation and advertising monitoring. The Company is headquartered in Philadelphia, PA.

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The latest news and updates relating to DVLT are available in the company’s newsroom at https://ibn.fm/DVLT

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In brief

Datavault AI says it has signed a binding letter of intent to purchase all of CyberCatch in a share-based deal valued at approximately CAD $136.8 million. The companies describe CyberCatch as a cybersecurity business with an AI-supported system for ongoing compliance and reducing cyber risk. Following completion, CyberCatch is expected to become a subsidiary of Datavault AI. CyberCatch founder, Chairman and CEO Sai Huda is expected to lead that subsidiary as its president. Datavault AI says its own business includes data monetization, credentialing, digital engagement and real-world asset tokenization technologies. The announcement does not provide a closing date or additional transaction terms.

Key takeaways

  • Datavault AI entered a binding letter of intent to acquire all of CyberCatch.
  • The all-stock transaction is valued at about CAD $136.8 million.
  • CyberCatch is expected to operate as a Datavault AI subsidiary.
  • CyberCatch founder and CEO Sai Huda is expected to become subsidiary president.

SEC filings

Earlier from Datavault AI Inc.

  1. Datavault AI (NASDAQ: DVLT) Announces Strategic Gold Transaction and $150M+ Tokenization Program with King Mining Capital
  2. Datavault AI (NASDAQ: DVLT) Secures $120M Term Sheet With Scilex for Quantum-Ready Edge Network Buildout
  3. Datavault AI (NASDAQ: DVLT) Executes $120M Term Sheet With Scilex for Quantum-Ready Edge Network Deployment
  4. Datavault AI (NASDAQ: DVLT) Deploys ADIO(R) Platform at NFL Draft, Advances NILX Launch
  5. Datavault AI (NASDAQ: DVLT) Launches Quantum-Ready HPC GPU Network in New York and Philadelphia 
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