Datavault AI to acquire CyberCatch in all-share deal

US-based information subject institution Datavault AI has announced plans to get CyberCatch done an all-share transaction valued astatine astir C$136.8m ($100m), pursuing the signing of a binding missive of intent (LOI).

As portion of the deal, the Nasdaq-listed Datavault AI would contented astir 49.9 cardinal caller shares successful speech for each of CyberCatch’s 26.8 cardinal outstanding communal shares.

CyberCatch is simply a cybersecurity company, presently listed connected the TSX Venture Exchange (TSXV) successful Canada and the OTCQB Venture Market successful the US.

The company’s level supports continuous cybersecurity compliance and menace simulation. It uses generative and agentic AI to measure and trial clients’ cyber controls against assorted regulatory frameworks.

CyberCatch’s patent-pending multi-authority, attribute-based encryption with revocation (MARS-MABE) encryption exertion is being upgraded for quantum resistance.

The committee and advisory radical for CyberCatch is composed of individuals with acquisition successful cybersecurity, government, and defence, including Tom Ridge, Dr Marv Langston, and Scott Tait.

CyberCatch’s clients run crossed sectors specified arsenic defence proviso chains, healthcare, manufacturing, fiscal services, and education.

The woody requires support from some institution boards, shareholders, and applicable regulatory authorities.

Upon completion, Datavault AI shareholders are expected to clasp astir 92.5% of the combined entity, with CyberCatch shareholders owning astir 7.5% connected a non-fully diluted basis.

CyberCatch would go a wholly owned subsidiary, retaining its basal successful San Diego, California. It volition beryllium led by its laminitis Sai Huda, who would instrumentality up the relation of president and study to Datavault AI CEO Nathaniel T. Bradley.

Huda said: “Datavault AI’s quantum-ready borderline level is precisely the next-generation infrastructure our customers and the marketplace successful captious sectors specified arsenic successful defense, healthcare, and fiscal services request cybersecurity built into.

“Joining Datavault AI gives them a wide way to a unified secure-data level with continuous compliance and cyber hazard mitigation built in.”

The planned acquisition aims to integrate CyberCatch’s AI-powered cyber hazard mitigation solutions into Datavault AI’s broader exertion suite, including its SanQtum-secured borderline GPU platform.

If completed, the transaction would alteration Datavault AI customers to entree integrated cyber defence solutions and enactment continuous compliance attestation, a origin progressively required for contracts and renewals successful regulated industries.

Bradley said: “CyberCatch’s continuous compliance level is expected to supply different strategical vantage by adding to DataValue, DataScore, and the IDE a real-time hazard and compliance awesome astatine each node of our quantum-secured borderline fleet, from national contractors to endeavor information customers.”