Overview
- Datavault signed a definitive all‑cash agreement to acquire CyberCatch for $94.5 million, valuing roughly 26.8 million CyberCatch shares at $3.53 per share.
- The deal replaces an earlier May proposal that would have paid in Datavault stock and is structured as a court‑approved plan of arrangement under British Columbia law, remaining subject to board, stock‑exchange, regulatory, court and shareholder approvals.
- CyberCatch will operate as a San Diego–based Datavault subsidiary after closing, with founder Sai Huda serving as president and reporting to Datavault CEO Nathaniel T. Bradley.
- Datavault plans to fold CyberCatch’s AI‑driven continuous compliance and real‑time risk platform into its Data Vault AIP and Quantum Private Network GPU ecosystem and to upgrade CyberCatch’s MARS‑MABE attribute‑based encryption for quantum resistance.
- Datavault has taken steps to support a smooth closing—providing short‑term financing and securing voting support from major CyberCatch holders—and the acquisition is pitched as a response to growing AI attack risks and the coming need for post‑quantum encryption.