m_and_a
confidence high
sentiment neutral
materiality 0.60
Datavault AI acquires Web Access IP assets for 3M shares; CEO is member/manager of seller
Datavault AI Inc.
- Purchase of trademark, patent, copyright, domain name, and trade secret assets from Web Access, LLC.
- Consideration is 3,000,000 shares of common stock; registration rights granted for 3.3M total shares.
- Excluded from deal: all 'Weed Wagon' IP related to drone and autonomous delivery capabilities.
- CEO Nathaniel Bradley is a member and manager of Web Access; related-party transaction.
- Shares issued unregistered under Section 4(a)(2)/Rule 506 of Securities Act.
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