Datavault AI (NASDAQ: DVLT), a company specializing in data monetization, credentialing, digital engagement, and real-world asset tokenization, has announced a binding letter of intent to acquire all shares of CyberCatch, a cybersecurity firm known for its patented AI-enabled platform for continuous compliance and cyber risk mitigation. The all-stock transaction is valued at approximately CAD $136.8 million. Under the terms, CyberCatch will operate as a subsidiary of Datavault AI, with founder, Chairman, and CEO Sai Huda serving as president of the subsidiary.
The acquisition marks a strategic move to combine Datavault AI's expertise in Web 3.0 asset valuation and monetization with CyberCatch's advanced cybersecurity capabilities. Datavault AI's platform, which includes divisions focused on Acoustic Science and Data Science, offers solutions for industries ranging from sports and entertainment to healthcare and fintech. The company's technologies, such as WiSA, ADIO, and Sumerian, provide wireless HD sound transmission, while its Data Science Division leverages high-performance computing for data perception and secure monetization. The Information Data Exchange (IDE) enables digital twins and licensing of name, image, and likeness by attaching physical assets to immutable metadata.
CyberCatch's AI-driven platform addresses the growing need for continuous compliance and cyber risk mitigation, particularly as organizations navigate complex regulatory environments. By integrating CyberCatch's capabilities, Datavault AI aims to enhance the security and integrity of its asset tokenization and data monetization solutions. The combined entity is expected to offer a more comprehensive suite for managing digital assets, fostering responsible AI, and ensuring compliance with evolving standards.
The transaction is subject to customary closing conditions, including regulatory approvals and shareholder consent. Datavault AI's CEO emphasized the synergy between the two companies, noting that the acquisition will accelerate the development of secure, AI-powered solutions for the Web 3.0 ecosystem. For more details, the full press release is available at https://ibn.fm/lktOf.
Forward-looking statements in this announcement are subject to risks and uncertainties, as detailed in Datavault AI's SEC filings, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. The company undertakes no obligation to update these statements unless required by law. For further information on disclaimers, visit http://IBN.fm/Disclaimer.
