Datavault AI Inc.Acquiring CyberCatch in a $94.5M all-cash deal expands its cybersecurity capabilities.

Datavault AI has agreed to acquire CyberCatch Holdings in an all-cash transaction valued at $94.5 million. Under the definitive agreement, Datavault AI will acquire all outstanding CyberCatch shares for approximately $3.22 per share, after adjusting for dilutive securities, transaction expenses, and liabilities. Upon closing, CyberCatch is expected to operate as a subsidiary of DataVault AI from San Diego, California, with CyberCatch founder, chairman, and chief executive officer Sai Huda serving as president of the subsidiary. CyberCatch provides a proprietary, AI-enabled software-as-a-service solution that delivers continuous compliance and cyber risk mitigation to organizations in critical sectors. Following closing, CyberCatch's platform is expected to operate as the cybersecurity and continuous-compliance layer across DataVault AI's existing technology suite.
Datavault AI Inc.Acquiring CyberCatch in a $94.5M all-cash deal expands its cybersecurity capabilities.
Being acquired at $3.22 per share provides a premium to shareholders.