Initial planning calls for Data Sciences Division to focus efforts in cyber secure infrastructure with dedication in fintech and patented Information Data Exchange® (IDE®)
Management will harness its API Media acquisition, robust patent portfolio, ADIO® Inaudible Tones, WiSA® and Dolby® partnerships to establish worldwide acoustic industry standards in high-definition wireless transmission, spatial-audio control and interoperability
Plan includes API media’s stand-alone and renewed execution of WiSA semiconductor and software modules strategy with an R&D effort targeted to new robotic and drone applications
The Company has engaged Houlihan Lokey as its financial advisor and
The Company expects the proposed creation of API Media to result in the creation of a dedicated, publicly traded entity focused on acoustic technologies and live events, while enabling
“We are excited to unlock the full potential of our Acoustic Sciences division by exploring a potential spin-out as API Media, a stand-alone public company that we anticipate will thrive independently on NASDAQ under the ticker ADIO,” said
Bradley went on to say, “We believe, the Data Sciences Division, and DVLT are extremely special in that it rivals NYSE and
Targeted Timeline
Datavault AI’s Board of Directors has directed management to begin the planning process with a targeted completion date to coincide with close of its 2026 operations. This target is subject to many factors and regulatory compliance approvals from multiple organizations that may require a longer duration to complete. These factors are the focal point of management’s planning and subsequent execution with aim of concluding all necessary components of the transaction on or before the conclusion of 2026 operations with our partners.
Valuation
Acoustic Division Delivers Proven Sound Technology at Top Events: The Acoustic Division has successfully completed technology delivery for technology, network, sound and audio systems at the
Data Division Achieves Tangible Milestones in Data Solutions: The Data Division continues to make steady progress in helping organizations understand, protect, and earn value from their data. Key highlights include signing
About
Datavault AI™ (NASDAQ:DVLT) is a
Through its Acoustic Sciences and Data Science divisions,
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, without limitation, the Company’s evaluation of a potential dividend spin-out of its Acoustic Sciences division, the intention to list the new stand-alone company on NASDAQ, the expected structure of the proposed transaction, including the anticipated distribution of shares to Company shareholders as a dividend; the expected strategic, operational, and financial benefits of the transaction, including unlocking additional value from the Acoustic Sciences division and enabling the Company to sharpen its focus on its AI-driven data monetization platforms, the anticipated completion of the proposed spin-out transaction within the 2026 operating calendar, the Company’s intended selection of an investment banking partner for the proposed transaction, and the Company’s broader strategy of building a scalable, revenue-generating AI infrastructure platform. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “projects,” “potential,” or “continue,” or the negative of these terms or other comparable terminology. The absence of these words does not mean that a statement is not forward-looking. Such forward-looking statements are necessarily based upon estimates and assumptions that, while considered reasonable by the Company and its management, are inherently uncertain.
Actual results may differ materially from those indicated by these forward-looking statements as a result of various risks and uncertainties, including, without limitation: the risk that the Company’s board of directors may ultimately determine not to proceed with the proposed transaction; the failure to negotiate, finalize, and execute a definitive transaction agreement; the inability to satisfy the conditions to the closing of the proposed transaction on the anticipated schedule or at all; the failure to obtain any necessary regulatory approvals, clearances, or NASDAQ listing approval for the new entity; the risk that the proposed transaction may not be completed in a manner that achieves the intended tax treatment; the possibility that the anticipated benefits of the spin-out, including the expected unlocking of value and enhanced strategic focus, will not be realized; the potential diversion of management’s attention and resources from the Company's ongoing business operations; the costs and expenses associated with evaluating and executing the proposed transaction; risks related to the Company’s ability to select and engage an investment banking partner for the proposed transaction on commercially acceptable terms; risks that the current market capitalization may not reflect the independent value of the Company’s divisions during the evaluation period; competitive risk in the AI infrastructure and high-performance computing markets; changes in economic, market, or regulatory conditions, including evolving regulatory frameworks applicable to securities offerings, AI infrastructure, and digital assets; risks associated with technological development and integration; and other risks and uncertainties as more fully described in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including its Annual Report on Form 10-K for the year ended
Readers are cautioned not to place undue reliance on these and other forward-looking statements contained herein. The forward-looking statements made in this press release relate only to events as of the date on which the statements are made.
Industry and Market Data
Within this press release, we reference information and statistics regarding the market for our products and the markets in which we operate. We have obtained some of this information and statistics from various independent third-party sources, including independent industry publications, reports by market research firms, and other independent sources. Some data and other information contained in this press release are also based on management’s estimates and calculations, which are derived from our review and interpretation of internal surveys and independent sources. Data regarding the industries in which we compete and our market position and market share within these industries are inherently imprecise and are subject to significant business, economic, and competitive uncertainties beyond our control, but we believe they generally indicate size, position, and market share within this industry. While we believe such information is reliable, we have not independently verified any third-party information. While we believe our internal company research and estimates are reliable, such research and estimates have not been verified by any independent source. In addition, assumptions and estimates of our and our industries’ future performance are necessarily subject to a high degree of uncertainty and risk due to a variety of factors. These and other factors could cause our future performance to differ materially from our assumptions and estimates. As a result, you should be aware that market, ranking, and other similar industry data included in this press release, and estimates and beliefs based on that data, may not be reliable.
Trademarks,
We own or have rights to use various trademarks, trade names, service marks, and copyrights, which are protected under applicable intellectual property laws. This press release also contains trademarks, trade names, service marks, and copyrights of other companies, including Dolby® (Dolby Laboratories, Inc.), which are, to our knowledge, the property of their respective owners. Solely for convenience, certain trademarks, trade names, service marks, and copyrights referred to in this press release may appear without the ©, ®, and ™ symbols, but such references are not intended to indicate, in any way, that we will not assert, to the fullest extent under applicable law, our rights or the rights of the applicable licensors to these trademarks, trade names, service marks, and copyrights. We do not intend our use or display of other parties’ trademarks, trade names, service marks, or copyrights to imply, and such use or display should not be construed to imply a relationship with, or endorsement or sponsorship of us by, these other parties.
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Investor Contact:
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