Datavault AI Inc. (NASDAQ: DVLT), a provider of data monetization, credentialing, digital engagement and real-world asset (RWA) tokenization technologies, announced it has entered into a binding letter of intent (LOI) to acquire CyberCatch (TSXV: CYBE) (OTCQB: CYBHF), a cybersecurity company offering a 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 of the LOI, Datavault AI will acquire 100% of CyberCatch, which is expected to operate as a Datavault AI subsidiary. CyberCatch founder, Chairman and CEO Sai Huda will serve as president of the subsidiary. The acquisition aims to integrate CyberCatch’s AI-driven cybersecurity capabilities with Datavault AI’s data monetization and Web 3.0 technologies, creating a comprehensive platform for secure digital asset management and compliance.
Datavault AI’s cloud-based platform provides solutions in its Acoustic Science and Data Science Divisions. The Acoustic Science Division features WiSA, ADIO and Sumerian patented technologies for spatial and multichannel wireless HD sound transmission. The Data Science Division leverages Web 3.0 and high-performance computing for data perception, valuation and secure monetization. The Information Data Exchange (IDE) enables Digital Twins and licensing of name, image, and likeness (NIL) by attaching physical objects to immutable metadata.
CyberCatch’s AI platform provides continuous compliance monitoring and cyber risk mitigation, which complements Datavault AI’s focus on secure data handling and asset tokenization. The combined entity is positioned to address growing demand for integrated solutions that ensure data integrity and regulatory compliance across industries such as fintech, healthcare, and entertainment.
The acquisition is subject to customary closing conditions, including regulatory approvals and due diligence. For more details on the transaction, visit https://ibn.fm/lktOf. Investors can find the latest news and updates on Datavault AI at https://ibn.fm/DVLT.
