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Datavault AI and CyberCatch Announce Signing of Binding Letter of Intent for Datavault AI to Acquire CyberCatch to Accelerate AI-Driven, Quantum-Resistant Cyber Risk Mitigation Solutions
Strategic acquisition is anticipated to position Datavault AI to bring CyberCatch's AI-enabled cy...
About this update from Cybercatch Holdings Inc
[{"type":"text","content":"Datavault AI and CyberCatch Announce Signing of Binding Letter of Intent for Datavault AI to Acquire CyberCatch to Accelerate AI-Driven, Quantum-Resistant Cyber Risk Mitigation SolutionsStrategic acquisition is anticipated to position Datavault AI to bring CyberCatch's AI-enabled cyber risk mitigation solution into Datavault AI's SanQtum-secured edge Graphics Processing Unit ecosystem, addressing a global information security market projected to reach $240 billion in 2026 (Gartner)CyberCatch's post-quantum cryptography conversion plan is also expected to position the combined company ahead of the AI-enabled \"Q-Day\" quantum-attack horizon, now compressed to as early as 2029 (Google)AI-enabled adversary attacks in 2025 rose 89% year-over-year while average eCrime breakout time fell to 29 minutes, a 65% increase in adversary speed compared to 2024, per CrowdStrike's 2026 Global Threat Report, and Google Quantum AI research has now compressed the timeline for cryptographically relevant quantum computing to as early as 2029. PHILADELPHIA, PA AND SAN DIEGO, CA / ACCESS Newswire / May 1, 2026 / Datavault AI Inc. (\"Datavault AI\" or the \"Company\") (NASDAQ:DVLT), a provider of data monetization, credentialing, digital engagement, and real-world asset (\"RWA\") tokenization technologies, and CyberCatch Holdings, Inc. (\"CyberCatch\") (TSXV:CYBE) (OTCQB:CYBHF), a cybersecurity company offering a patented, AI-enabled platform for continuous compliance and cyber risk mitigation, today announced they have entered into a binding letter of intent (the \"LOI\") under which Datavault AI and CyberCatch will enter into a definitive agreement for Datavault AI to acquire 100% of CyberCatch in an all-stock transaction structured as a court-approved plan of arrangement under the Business Corporations Act (British Columbia).Under the LOI and subject to a definitive agreement, Datavault AI will acquire 100% of CyberCatch's issued and outstanding common shares (being approximately 26.8 million shares) in exchange for approximately 49.9 million newly issued shares of Datavault AI common stock (the \"Datavault AI Shares\") at CAD $5.11 per CyberCatch share, which implies an aggregate value to CyberCatch's issued and outstanding common shares of CAD $136,843,820. All issued and outstanding CyberCatch securities convertible into or exercisable for CyberC...