Datavault AI locks in share agreements with NYIAX

Datavault AI Inc. (NASDAQ:DVLT), a semiconductor company with a market capitalization of $46.8 million and currently trading at $0.73 per share, has entered into a series of lock-up agreements with NYIAX, Inc., following a share exchange deal that took place on March 16, 2025. According to InvestingPro data, the company trades at an attractive Price/Book ratio of 0.51, though investors should note its weak financial health score. These agreements, finalized on April 9, 2025, dictate the terms under which the shares exchanged will be locked up for periods ranging from one to four years.

The initial exchange involved Datavault AI acquiring 900,000 shares of NYIAX’s common stock, which constituted 12% of NYIAX’s total issued and outstanding common stock, in return for up to 5 million shares of Datavault AI’s common stock. This transaction was part of a broader strategy to integrate the two companies’ technologies and market presence.

The lock-up agreements are structured to stagger the availability of shares over time. The most extended lock-up period applies to the initial 900,000 shares of NYIAX common stock, which are restricted for four years from the issue date. Additional shares issued as part of the exchange agreement are subject to a two-year lock-up. Shares issued to NYIAX as consideration for a White Label, Co-Marketing, and Intellectual Property Cross-License Agreement, and closing shares related to the exchange agreement will be locked up for one year.

These lock-up periods are designed to stabilize the stock’s liquidity and price by preventing a sudden influx of shares into the market. It also reflects the companies’ commitment to a long-term partnership, as it aligns their interests over the lock-up duration. With a beta of -0.38, the stock typically moves opposite to market direction. InvestingPro subscribers can access 15 additional key insights about Datavault AI’s market performance and financial outlook.

The details of these agreements are outlined in the exhibits attached to the SEC filing, which provide the legal framework for the share restrictions. Datavault AI’s strategic move to lock up shares post-exchange is a significant step in its collaboration with NYIAX, aiming to bolster both companies’ market positions within the semiconductor industry.

This news is based on Datavault AI’s recent SEC filing and provides investors with key insights into the company’s latest strategic decisions and partnerships. While analysts project strong revenue growth of 424% for FY2025, InvestingPro’s comprehensive analysis reveals concerns about the company’s cash burn rate. For deeper insights into Datavault AI’s financial health and growth prospects, investors can access the detailed Pro Research Report, available exclusively to InvestingPro subscribers.

In other recent news, Datavault AI Inc. reported a 28.4% increase in revenue for fiscal 2024, reaching approximately $2,674,000 compared to $2,083,000 in fiscal 2023. The company also noted a significant improvement in gross profit, moving from a gross deficit to an estimated $376,000. Despite these positive figures, Datavault AI anticipates a preliminary net loss of around $51,409,000 for the year, a substantial increase from the previous year’s loss. In a related development, Datavault AI secured $15.5 million through convertible notes and warrants as part of a securities purchase agreement. The company issued senior secured convertible notes totaling $5,555,555 initially, with an additional $11,111,111 contingent on certain conditions. Additionally, Datavault AI completed a $5.4 million securities offering, issuing approximately 4.75 million shares of common stock and corresponding warrants. This offering was facilitated by Maxim Group LLC, which acted as the placement agent. WiSA Technologies, now known as Datavault AI, also disclosed financial statements related to its acquisition of CompuSystems, Inc., providing insights into the financial impact of the acquisition.

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