WiSA closes Data Vault asset purchase for $10M note + 40M shares; Bradley named CEO

Datavault AI Inc.

Acquired Data Vault's IT assets, patents, trademarks for $10M promissory note, 40M restricted shares, and assumed liabilities.
Brett Moyer resigned as CEO, continues as CFO; Nathaniel Bradley appointed CEO and director.
Bradley granted 1.2M restricted stock units; half vests over 36 months, half upon $40M revenue milestone.
Company plans to rename to Datavault Inc., change Nasdaq ticker to ADIO in mid-January 2025.
$10M promissory note due in 3 years, 5.12% interest, convertible at 75% of VWAP with floor of $1.116.

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Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Brett Moyer

Chief Financial Officer

DVLT · Datavault AI Inc.

Effective: 2024-12-31
Successor: Nathaniel Bradley
Filed: January 7, 2025, 6:59 PM ET

On December 31, 2024, Brett Moyer submitted his resignation as Chief Executive Officer of the Company, effective upon the Closing.

Appointed

Nathaniel Bradley

Chief Executive Officer

DVLT · Datavault AI Inc.

Effective: 2024-12-31
Filed: January 7, 2025, 6:59 PM ET

On December 31, 2024, pursuant to the Asset Purchase Agreement, the Board appointed Nathaniel Bradley as the Company's new principal executive officer and a member of its Board, effective upon the Closing.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Brett Moyer resigned as Chief Financial Officer at Datavault AI Inc..

Action: resigned
Role: Chief Financial Officer

Exact text from the filing

On December 31, 2024, Brett Moyer submitted his resignation as Chief Executive Officer of the Company, effective upon the Closing.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Nathaniel Bradley was appointed as Chief Executive Officer at Datavault AI Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On December 31, 2024, pursuant to the Asset Purchase Agreement, the Board appointed Nathaniel Bradley as the Company's new principal executive officer and a member of its Board, effective upon the Closing.

View on SEC.gov

Datavault AI Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-001736

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