Mergers & Acquisitions ·
Datavault AI Inc. entered into a definitive Agreement and Plan of Merger to acquire WDT LLC, the parent company of…
DVLTDatavault AI Inc.
Datavault AI Inc. entered into a definitive Agreement and Plan of Merger to acquire WDT LLC, the parent company of BankWyse, a Wyoming Special Purpose Depository Institution. The transaction involves aggregate consideration valued at approximately $22.0 million, consisting of roughly $14.66 million in common stock and $7.34 million in cash, subject to adjustment. Contingent additional consideration of up to $10.0 million is payable upon regulatory authorization for customer-facing operations and the achievement of specified revenue targets. Datavault AI will also provide $35.0 million in funding to BankWyse for capitalization and operational readiness. The acquisition aims to integrate custodial and commercial banking services into Datavault AI's data monetization ecosystem, subject to Wyoming Division of Banking approval and customary closing conditions.