Datavault AI Will Acquire CyberCatch in an All-Cash Transaction
Adding AI-Driven, Quantum-Resistant Cyber Risk Mitigation to Its Quantum-Secured Edge Platform. Data Vault® Artificial Intelligence Platform (AIP) will be enhanced with automatic cybersecurity check and resolution capabilities.
Datavault AI Inc. (“Datavault AI” or the “Company”) (NASDAQ: DVLT), a provider of data monetization, credentialing, digital engagement, and real-world asset (“RWA”) tokenization technologies, today announced they have signed a definitive agreement under which Datavault AI will acquire 100% of CyberCatch Holdings, Inc. (TSXV: CYBE) (OTCQB: CYBHF), a cybersecurity company offering a patented, AI-enabled platform for continuous compliance and cyber risk mitigation, in an all-cash transaction structured as a court-approved plan of arrangement under the Business Corporations Act (British Columbia). The acquisition is expected to bring CyberCatch’s AI-enabled continuous compliance and cyber risk mitigation platform into Datavault AI’s Quantum Private Network (QPN) GPU ecosystem, addressing a global information security market that Gartner projected would reach $213 billion in 2025.
Under the definitive agreement, Datavault AI will acquire all of CyberCatch’s issued and outstanding common shares, approximately 26.8 million shares, for USD $94,500,000 in cash, representing USD $3.53 per share to CyberCatch’s shareholders. All outstanding dilutive securities of CyberCatch will be exchanged on a cashless-exercise basis. Upon closing, subject to customary board, stock exchange, and any necessary regulatory and shareholder approvals, CyberCatch is expected to operate as a subsidiary of Datavault AI from San Diego, California, with CyberCatch founder, Chairman, and Chief Executive Officer Sai Huda serving as President of the subsidiary and reporting to Nathaniel T. Bradley, CEO of Datavault AI.
