secwatch.observer — SEC 8-K summary
======================================

Issuer:     Datavault AI Inc. (DVLT)
CIK:        0001682149
Form:       8-K
Filed at:   2025-01-07T23:59:59+00:00
Accession:  0001104659-25-001736
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 2.01, 2.03, 3.02, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682149/000110465925001736/0001104659-25-001736-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682149/000110465925001736/tm252064d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-001736

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer