{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-068671","form_type":"8-K","ticker":"DVLT","cik":"0001682149","company_name":"Datavault AI Inc.","filed_at":"2025-07-17T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.629323+00:00","generated_at":"2026-05-18T05:58:35.725333+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Datavault AI agrees to acquire API Media for $6M cash, 5.1M shares, $2M notes","bullets":["Purchase price: $6M cash, 5,117,188 DVLT shares, and $2M in 10% convertible notes (convertible at $1.14/share in $250K increments).","Closing contingent on Datavault raising at least $10M net proceeds and Sellers signing consulting agreements.","Breakup fee of $1M payable to Sellers if Buyer terminates the agreement improperly.","Transaction expected to close by August 12, 2025; Nasdaq stockholder approval may be required for share issuance.","Sellers David Reese and Frank Tomaino will provide consulting services post-closing."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-068671","json":"https://secwatch.observer/filing/0001104659-25-068671.json","markdown":"https://secwatch.observer/filing/0001104659-25-068671.md","text":"https://secwatch.observer/filing/0001104659-25-068671.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1682149/000110465925068671/0001104659-25-068671-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1682149/000110465925068671/tm2520909d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T05:58:35.725333+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8d6eca0eddb5bef278b62987910f96a2a7e2203d","claim":"Datavault AI Inc. incurred convertible notes of $2,000,000 with the Sellers at ten percent (10%) per annum maturing second anniversary of the Closing.","evidence_excerpt":"an amount in cash equal to $6,000,000, (ii) 5,117,188 shares of common stock of the Company, par value $0.001 per share (the “Common Stock”), and (iii) $2,000,000 payable in the aggregate in the form of convertible promissory notes by the Company to the Sellers (the “Notes”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1682149/000110465925068671/0001104659-25-068671-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$2,000,000"},{"label":"Counterparty","value":"the Sellers"},{"label":"Rate","value":"ten percent (10%) per annum"},{"label":"Maturity","value":"second anniversary of the Closing"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}