Datavault AI Secures Majority Consent for CompuSystems Acquisition, Sets Strategic Growth Path
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.
Datavault AI Inc. has secured majority stockholder consent to complete its acquisition of CompuSystems Inc. (CSI), marking a critical step in the company's growth strategy. The transaction, expected to close during the week of May 19, will integrate CSI's assets and operations directly into Datavault AI's business structure.
CEO Nathaniel Bradley characterized the acquisition as a major milestone, with the deal projected to contribute between $15 million and $20 million in revenue toward the company's ambitious 2026 revenue target of $40 million to $50 million. This strategic move underscores Datavault AI's commitment to expanding its market presence and technological capabilities.
The company has already mailed an Information Statement on April 29, 2025, under Section 14(c) of the Securities Exchange Act. Notably, no additional stockholder vote is required to complete the transaction, streamlining the acquisition process.
Further details about the acquisition and its potential implications will be shared during a business update call scheduled for May 20 at 9 a.m. ET, where investors and stakeholders can gain deeper insights into the company's strategic direction.
Curated from InvestorBrandNetwork (IBN)