secwatch.observer — SEC 8-K summary
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Issuer:     Datavault AI Inc. (DVLT)
CIK:        0001682149
Form:       8-K
Filed at:   2025-05-20T23:59:59+00:00
Accession:  0001104659-25-051079
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.01, 2.03, 3.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Datavault AI completes CSI asset acquisition; targets $15-20M CSI revenue in 2026
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682149/000110465925051079/0001104659-25-051079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682149/000110465925051079/tm2515584d2_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-051079

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