---
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"
generated_at: "2026-05-18T05:58:35.725333+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Datavault AI agrees to acquire API Media for $6M cash, 5.1M shares, $2M notes

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-068671
- JSON: https://secwatch.observer/filing/0001104659-25-068671.json
- Plain text: https://secwatch.observer/filing/0001104659-25-068671.txt

## Key facts
- Debt Financings
  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.
  - Instrument: convertible notes
  - Principal: $2,000,000
  - Counterparty: the Sellers
  - Rate: ten percent (10%) per annum
  - Maturity: second anniversary of the Closing
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1682149/000110465925068671/0001104659-25-068671-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.