Datavault AI Condemns Wolfpack Research Short Report and Announces Legal Action
TL;DR
Datavault AI's legal action against Wolfpack Research provides investors with a defensive advantage against short seller manipulation of DVLT stock.
Datavault AI is pursuing legal remedies through Paul Hastings LLP and Dickinson Wright PLLC to address misleading claims in Wolfpack Research's short report.
Datavault AI's technology fosters responsible AI with integrity through secure data monetization and digital twin solutions across multiple industries.
Datavault AI holds over 70 patents in AI-driven data valuation, blockchain tokenization, and acoustic data systems for Web 3.0 environments.
Datavault AI Inc. (NASDAQ: DVLT), a leader in data tokenization and management, has issued a formal response to what it describes as a false and defamatory short report published by Wolfpack Research. The company stated that the report contains misleading claims intended to manipulate DVLT stock for short sellers' financial gain. This development represents a significant moment for investors and the broader technology sector, as it highlights the ongoing challenges companies face from short-selling campaigns and the importance of corporate transparency.
The company has retained prominent legal firms Paul Hastings LLP and Dickinson Wright PLLC to pursue legal remedies against Wolfpack Research. Litigation counsel Jacob Frenkel emphasized the company's intent to hold Wolfpack accountable for what he characterized as abusive, fraudulent, and manipulative practices. This legal action could set important precedents for how companies respond to short reports and protect shareholder interests in the future. The full details of the company's response are available in their official press release at https://ibn.fm/qj9AF.
CEO Nathaniel T. Bradley reaffirmed Datavault AI's strong intellectual property foundation, which now exceeds 70 patents across AI-driven data valuation, blockchain tokenization, and acoustic data systems. This robust IP portfolio underscores the company's technological leadership and innovation capabilities in the rapidly evolving Web 3.0 environment. The company's cloud-based platform provides comprehensive solutions with a collaborative focus through its Acoustic Science and Data Science Divisions, serving multiple industries including sports & entertainment, biotech, education, fintech, real estate, healthcare, and energy.
Datavault AI's Acoustic Science Division features patented WiSA, ADIO and Sumerian technologies, including industry-first foundational spatial and multichannel wireless HD sound transmission technologies. The Data Science Division leverages Web 3.0 and high-performance computing to provide solutions for experiential data perception, valuation and secure monetization. The company's Information Data Exchange enables Digital Twins and licensing of name, image, and likeness by securely attaching physical real-world objects to immutable metadata objects, fostering responsible AI with integrity.
The company highlighted ongoing partnerships, acquisitions, and media initiatives that demonstrate its continued growth and innovation strategy. For investors and industry observers, this announcement serves as a reminder of the importance of conducting thorough due diligence and considering multiple sources of information when evaluating company performance and prospects. The outcome of this legal action could influence how short-selling firms approach their research methodologies and disclosure practices in the future. Additional information about Datavault AI's technology and business operations can be found at https://www.datavaultsite.com.
Curated from InvestorBrandNetwork (IBN)