secwatch.observer — SEC 8-K summary
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Issuer:     Datavault AI Inc. (DVLT)
CIK:        0001682149
Form:       8-K
Filed at:   2025-07-17T23:59:59+00:00
Accession:  0001104659-25-068671
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682149/000110465925068671/0001104659-25-068671-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682149/000110465925068671/tm2520909d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-068671

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