BEAVERTON, Ore, April 30, 2025 –Datavault AI Inc. (NASDAQ: DVLT), leading the way in AI data experience, valuation and monetization, has a majority of stockholders’ votes needed to approve its strategic acquisition of CompuSystems, Inc. (CSI) and has mailed an Information Statement pursuant to Section 14(c) of the Securities Exchange Act of 1934 to Stockholders on April 29, 2025. The Information Statement concerns actions approved by Written Consent by the majority of the Company’s Stockholders, and no stockholder vote is required. Per SEC Rule 14c-2, these actions will take effect at least 20 days after mailing, or on or about the week of May 19, 2025.
“The acquisition of CSI will mark a major milestone in our strategic growth plan, and we expect its operations to make strong revenue contributions in 2025, with accelerating growth coming in 2026,” said Nathaniel Bradley, CEO of Datavault AI. “Representing a significant part of our $40 million to $50 million revenue goal for 2026, we expect CSI to contribute $15 million to $20 million in revenue that year. I am excited we are now in the final stage of completing this strategic acquisition and look forward to providing additional details along with a general business update on our investor call scheduled for May 20, 2025.”
Key among the actions approved by Written Consent are the transactions contemplated by the asset purchase agreement, as amended, between the Company and CompuSystems, Inc. (CSI), which the Company now expects will result in the consummation of the asset purchase on or about May 19, 2025. After which, CSI’s assets and operations will become part of Datavault AI.
Investor Conference Call on May 20, 2025
In conjunction with the close of the CSI acquisition, the Company plans to host a business update call on Tuesday, May 20, 2025, at 9:00 am ET. Prior to this date, the Company plans to report its financial results for the quarter ended March 31, 2025 on Form 10-Q on or before March 15, 2025.