Datavault AI Inc. Announces Acquisition of CyberCatch for $3.22/Share

What Happened
Datavault AI Inc. announced on August 17, 2026 that it entered into an Arrangement Agreement to acquire all outstanding common shares of CyberCatch Holdings, Inc. (a British Columbia company) via a plan of arrangement under the Business Corporations Act (BC). The purchase consideration is US$3.22 in cash per CyberCatch share at the effective time. The deal also cancels outstanding CyberCatch warrants for no consideration and cancels options in exchange for cash equal to the excess of US$3.22 over the option exercise price (less withholdings). Datavault’s wholly owned subsidiary 1602628 B.C. Ltd. is the purchaser.

Key Details

• Purchase price: US$3.22 cash per CyberCatch share.
• Options and warrants: CyberCatch options will be cashed out for the amount (if any) by which US$3.22 exceeds exercise price; CyberCatch warrants receive no consideration.
• Bridge loan: Datavault agreed to advance a secured US$500,000 bridge loan to CyberCatch within seven days of signing, at 5% annual interest, maturing on closing, default, or 30 business days after termination.
• Termination/fees: If certain terminations occur, CyberCatch must pay a US$4,016,250 termination fee and may reimburse Datavault’s expenses up to US$1,000,000.
• Approvals & timing: Closing is subject to court orders (Interim and Final), required CyberCatch securityholder approval, certain regulatory approvals (including notice to the TSX Venture Exchange), and other customary conditions. The outside date to close is February 17, 2027.
• Support: Certain CyberCatch directors/officers holding about 20% of shares signed voting and support agreements in favor of the Arrangement.

Why It Matters
This is a definitive acquisition agreement that, if completed, would make CyberCatch a subsidiary of Datavault and provide CyberCatch shareholders immediate cash consideration. The transaction requires court and shareholder approvals and other customary conditions, so it is not guaranteed to close. The arrangement creates short-term cash exposure (the US$500k bridge loan) and potential termination-payment obligations that investors should note. CyberCatch warrant holders will receive no payment under the deal, and option holders will only receive a limited cash payout depending on exercise prices. Investors should monitor regulatory filings and future updates for progress, approvals, or termination events.