Datavault AI Secures Majority Consent for CompuSystems Acquisition, Sets Investor Call
TL;DR
Datavault AI (NASDAQ: DVLT) secures majority stockholder consent to acquire CompuSystems Inc., enhancing revenue projection to $40-50 million by 2026.
Datavault AI integrates CSI's assets and operations, projecting $15-20 million in revenue toward the company's 2026 goal.
Datavault AI's acquisition of CSI fosters growth, advancing AI technology for better data experience and secure monetization in multiple industries.
Datavault AI's CEO Nathaniel Bradley to share details of the acquisition during a business update call on May 20 at 9 a.m. ET.
Found this article helpful?
Share it with your network and spread the knowledge!
Datavault AI Inc. has moved forward with its acquisition of CompuSystems Inc. (CSI), securing majority stockholder consent and mailing an Information Statement under Section 14(c) of the Securities Exchange Act. The technology company anticipates closing the transaction during the week of May 19.
CEO Nathaniel Bradley characterized the acquisition as a significant milestone in the company's growth strategy. The deal is projected to generate between $15 million and $20 million in revenue, contributing substantially to Datavault AI's 2026 revenue target of $40-$50 million.
No stockholder vote is required for the transaction, which will integrate CSI's assets and operations directly into Datavault AI's existing infrastructure. The company plans to provide additional details during a business update call scheduled for May 20 at 9 a.m. ET.
This acquisition represents a strategic expansion for Datavault AI, which specializes in AI data experience, valuation, and monetization within the Web 3.0 environment. By incorporating CompuSystems' capabilities, the company appears positioned to enhance its comprehensive cloud-based platform and service offerings across multiple industries.
Curated from InvestorBrandNetwork (IBN)
