Curated News
By: NewsRamp Editorial Staff
April 30, 2025
Datavault AI Secures Stockholder Consent for Acquisition of CompuSystems Inc.
TLDR
- Datavault AI (NASDAQ: DVLT) secures majority stockholder consent to acquire CompuSystems Inc., enhancing revenue projection to $40-50 million by 2026.
- Datavault AI integrates CSI's assets and operations, projecting $15-20 million in revenue toward the company's 2026 goal.
- Datavault AI's acquisition of CSI fosters growth, advancing AI technology for better data experience and secure monetization in multiple industries.
- Datavault AI's CEO Nathaniel Bradley to share details of the acquisition during a business update call on May 20 at 9 a.m. ET.
Impact - Why it Matters
This news highlights Datavault AI's expansion plans and projected revenue growth, showcasing its position as a key player in AI data solutions. The successful acquisition signifies a strategic move towards achieving the company's financial targets and solidifying its position in the market.
Summary
Datavault AI (NASDAQ: DVLT), a leader in AI data experience, valuation, and monetization, has obtained majority stockholder consent to acquire CompuSystems Inc. without requiring a vote. The acquisition is expected to contribute $15-20 million in revenue towards Datavault AI's 2026 goal of $40-50 million. CEO Nathaniel Bradley views this deal as a significant step in the company's growth strategy.
Source Statement
This curated news summary relied on this press release disributed by InvestorBrandNetwork (IBN). Read the source press release here, Datavault AI Secures Stockholder Consent for Acquisition of CompuSystems Inc.
