Datavault AI to Acquire CyberCatch Holdings for $3.22 Per Share in Cash

Datavault AI Inc. (DVLT) has entered into a definitive arrangement agreement to acquire all issued and outstanding shares of CyberCatch Holdings, Inc. The all-cash transaction will be executed through a plan of arrangement under British Columbia law.

Key Details

• Transaction Terms: Each CyberCatch share will be acquired for US$3.22 in cash. Outstanding stock options will be cashed out based on the excess of the offer price over the exercise price, while outstanding warrants will be cancelled for no consideration.
• Bridge Financing: As part of the agreement, Datavault AI will provide CyberCatch with a US$500,000 secured bridge loan at a 5% annual interest rate to fund its activities until the acquisition closes.
• Termination & Timeline: The agreement includes a termination fee of US$4,016,250 payable by CyberCatch under certain conditions. The deal has an outside completion date of February 17, 2027.