Datavault AI Inc. (NASDAQ: DVLT) has entered into a definitive agreement to acquire CyberCatch Holdings, Inc. (TSXV: CYBE) (OTCQB: CYBHF) in an all-cash transaction valued at USD $94.5 million.
The acquisition involves purchasing all of CyberCatch's approximately 26.8 million outstanding common shares at a price of USD $3.53 per share.
Following the completion of the transaction, CyberCatch will operate as a wholly-owned subsidiary of Datavault AI.
“Cybersecurity is no longer a separate stack from data and AI,” said Nathaniel T. Bradley, CEO of Datavault AI. “It is the precondition for both. CyberCatch’s continuous compliance and cyber risk mitigation platform is expected to add to DataValue, DataScore, and IDE a real-time risk and compliance signal at every node of our edge fleet, from federal contractors to enterprise data customers.”