Datavault AI Inc. (DVLT): M&A transaction — Datavault AI completes CSI asset acquisition; targets $15-20M CSI revenue in 2026

Datavault AI Inc.

Acquired CSI assets for $5M cash, $15M in convertible notes, 10.6M restricted shares, and assumption of liabilities.
2H 2025 revenue target $12M-$15M (CSI majority); 2026 target $40M-$50M with CSI contributing $15M-$20M.
John Mark LoGiurato named President of CSI Division; granted 500k restricted stock units with performance vesting.
Convertible notes: 5%-10% interest, conversion prices based on VWAP with floor $1.40 and ceiling $2.50.
Notes require mandatory conversion at maturity and include event-of-default acceleration provisions.

item 1.01 item 2.01 item 2.03 item 3.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Datavault AI Inc. incurred convertible notes of $15,000,000 with CompuSystems, Inc. at 5% per annum on First and Second Convertible Notes; 10% per annum on Initial Con maturing second anniversary of the closing.

Instrument: convertible notes
Principal: $15,000,000
Counterparty: CompuSystems, Inc.
Rate: 5% per annum on First and Second Convertible Notes; 10% per annum on Initial Con
Maturity: second anniversary of the closing
Event: incurrence

Exact text from the filing

the Company issued the Notes in an aggregate principal amount of $15,000,000, each due on the second anniversary of the closing

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M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Datavault AI Inc. completed an acquisition involving CompuSystems, Inc. for aggregate purchase price consisting of (i) the Exclusivity Payment Fee, (ii) the Breakup Fee, (iii) an amount in cash equal to $5,000,000, (iv) 10,600,000 valid (closed 2025-05-20).

Action: acquisition
Counterparty: CompuSystems, Inc.
Consideration: aggregate purchase price consisting of (i) the Exclusivity Payment Fee, (ii) the Breakup Fee, (iii) an amount in cash equal to $5,000,000, (iv) 10,600,000 valid
Closing: 2025-05-20

Exact text from the filing

(i) the Exclusivity Payment Fee (as defined in the Asset Purchase Agreement), (ii) the Breakup Fee (as defined in the Asset Purchase Agreement), (iii) an amount in cash equal to $5,000,000, (iv) 10,600,000 validly issued, fully paid and nonassessable shares of restricted common stock of the Company, par value $0.0001 per share (the “Common Stock”) (the “Closing Stock

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Datavault AI Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-051079

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