Datavault AI Files Defamation Lawsuit Against Wolfpack Research Over Allegedly False Short Report

Datavault AI Inc. (NASDAQ: DVLT) has initiated legal action against Wolfpack Research and its founder Dan David, filing a defamation complaint regarding a short report released on October 31, 2025. The data tokenization and management company alleges the report contained false and misleading claims that caused direct harm to both the company and its shareholders. Represented by legal firm Paul Hastings LLP, Datavault asserts the report ignored verifiable facts and omitted key contextual information.

The company filed the complaint as Exhibit 99.1 to its Form 8-K with the Securities and Exchange Commission on November 10, 2025, making the legal documents publicly available through regulatory channels. Nathaniel Bradley, CEO of Datavault AI, emphasized the company's determination to pursue accountability through the legal system while maintaining focus on business operations. "We will pursue all options to hold Wolfpack and Dan David accountable in court," Bradley stated, adding that the company remains committed to generating revenue and driving shareholder value despite the controversy.

This legal action represents a significant development in the ongoing tension between publicly traded companies and short-selling research firms. The lawsuit could set important precedents regarding the boundaries of critical financial reporting and the legal responsibilities of research firms publishing negative assessments of public companies. For investors, the case highlights the potential risks associated with short reports and the importance of verifying information from multiple sources before making investment decisions.

Datavault AI specializes in AI experience, valuation, and monetization of assets within the Web 3.0 environment through its cloud-based platform. The company operates through two main divisions: Acoustic Science and Data Science. The Acoustic Science Division features patented technologies including WiSA, ADIO, and Sumerian, which provide foundational spatial and multichannel wireless HD sound transmission capabilities. These technologies cover audio timing, synchronization, and multi-channel interference cancellation.

The Data Science Division leverages Web 3.0 and high-performance computing to deliver 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 connecting physical real-world objects to immutable metadata objects. This technology fosters responsible AI implementation with integrity across multiple industries including sports and entertainment, biotech, education, fintech, real estate, healthcare, and energy. Additional information about the company is available at https://www.datavaultsite.com.

The outcome of this lawsuit could have broader implications for how research firms conduct due diligence and present findings about public companies. It also raises questions about the balance between free speech in financial analysis and protection against potentially damaging false statements. For the data tokenization industry specifically, the case underscores the importance of maintaining investor confidence through transparent business practices and robust legal protections against misinformation.