Datavault AI Secures Stockholder Approval for CompuSystems Acquisition, Projects Significant Revenue Boost
TL;DR
Datavault AI (NASDAQ: DVLT) secures majority stockholder consent to acquire CompuSystems Inc., enhancing revenue projection to $40-50 million by 2026.
Datavault AI integrates CSI's assets and operations, projecting $15-20 million in revenue toward the company's 2026 goal.
Datavault AI's acquisition of CSI fosters growth, advancing AI technology for better data experience and secure monetization in multiple industries.
Datavault AI's CEO Nathaniel Bradley to share details of the acquisition during a business update call on May 20 at 9 a.m. ET.
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Datavault AI has secured the necessary majority stockholder consent to finalize its acquisition of CompuSystems Inc., marking a significant step in the company's expansion strategy. The transaction, which requires no additional stockholder vote, is scheduled to close during the week of May 19, 2025, with CSI's assets and operations to be fully integrated into Datavault AI's existing framework. This acquisition represents a substantial financial opportunity for Datavault AI, projected to contribute between $15 million and $20 million in revenue toward the company's ambitious 2026 target of $40 million to $50 million.
CEO Nathaniel Bradley characterized the acquisition as a major milestone in Datavault AI's growth plan, emphasizing the strategic importance of integrating CSI's capabilities. The company has already distributed an Information Statement to stockholders in compliance with Section 14(c) of the Securities Exchange Act, ensuring proper regulatory adherence throughout the acquisition process. Further details regarding the transaction and its implications for Datavault AI's business strategy will be discussed during a scheduled business update call on May 20 at 9 a.m. ET, providing stakeholders with comprehensive insights into the company's forward trajectory.
The acquisition aligns with Datavault AI's position as a leader in AI data experience, valuation, and monetization within the Web 3.0 environment. The company's cloud-based platform, which serves multiple industries including sports & entertainment, biotech, education, fintech, and healthcare, will benefit from the integration of CSI's assets. Datavault AI's technology suite, featuring its Acoustic Science Division with WiSA®, ADIO®, and Sumerian® patented technologies, along with its Data Science Division leveraging high-performance computing, stands to gain enhanced capabilities through this strategic acquisition. The company maintains its headquarters in Beaverton, Oregon, and continues to develop innovative solutions for experiential data perception and secure monetization through its Information Data Exchange® platform.
Curated from InvestorBrandNetwork (IBN)


