Datavault AI Inc. Files 8-K for Material Agreement

TL;DR

Datavault AI (DATAV) filed an 8-K on 8/22 for a material agreement dated 8/19. Big news pending.

AI Summary

Datavault AI Inc. filed an 8-K on August 22, 2025, reporting a material definitive agreement entered into on August 19, 2025. The filing also includes financial statements and exhibits. The company, formerly known as Summit Wireless Technologies, Inc., is incorporated in Delaware and headquartered in Beaverton, Oregon.

Why It Matters

This 8-K filing indicates a significant event for Datavault AI Inc., likely involving a new contract or partnership that could impact its business operations and financial performance.

Risk Assessment

Risk Level: medium — Material definitive agreements can represent significant opportunities or risks, depending on the nature of the agreement, which is not fully detailed in this initial filing.

Key Players & Entities

• Datavault AI Inc. (company) — Registrant
• August 19, 2025 (date) — Date of earliest event reported
• August 22, 2025 (date) — Date of report
• Summit Wireless Technologies, Inc. (company) — Former company name
• Delaware (jurisdiction) — State of incorporation
• Beaverton, OR (location) — Principal Executive Offices

FAQ

Key Financial Figures

• $0.0001 — h registered Common Stock, par value $0.0001 per share DVLT The Nasdaq Capital M
• $6,000,000 — price of (i) an amount in cash equal to $6,000,000, (ii) 5,117,188 shares of common stock
• $0.001 — common stock of the Company, par value $0.001 per share (the "Common Stock"), and (ii
• $2,000,000 — r share (the "Common Stock"), and (iii) $2,000,000 payable in the aggregate in the form of
• $10 million — ller if it had net proceeds of at least $10 million from one or more investors and/or finan

Filing Documents

• tm2524125d1_8k.htm (8-K) — 36KB
• tm2524125d1_ex10-1.htm (EX-10.1) — 19KB
• 0001104659-25-081876.txt ( ) — 223KB
• dvlt-20250819.xsd (EX-101.SCH) — 3KB
• dvlt-20250819_lab.xml (EX-101.LAB) — 33KB
• dvlt-20250819_pre.xml (EX-101.PRE) — 22KB
• tm2524125d1_8k_htm.xml (XML) — 3KB

01 Entry Into a Material Definitive Agreement

Item 1.01 Entry Into a Material Definitive Agreement. Amendment to Stock Purchase Agreement As previously disclosed, on July 13, 2025, Datavault AI Inc., a Delaware corporation (the "Company"), entered into a Stock Purchase Agreement (the "Purchase Agreement") with API Media Innovations Inc., a New Jersey corporation ("API Media"), David Reese and Frank Tomaino (Mr. Tomaino together with Mr. Reese, the "Sellers" and each a "Seller"), pursuant to which the Company agreed to purchase from the Sellers all of the outstanding shares of common stock of API Media (the "API Shares") for an aggregate purchase price of (i) an amount in cash equal to $6,000,000, (ii) 5,117,188 shares of common stock of the Company, par value $0.001 per share (the "Common Stock"), and (iii) $2,000,000 payable in the aggregate in the form of convertible promissory notes by the Company to the Sellers (the "Notes"). On August 19, 2025, the Company, API Media and Sellers entered into amendment to the Purchase Agreement (the "Purchase Agreement Amendment"). Pursuant to the Purchase Agreement Amendment, the parties agreed to delete the Drop Dead Date (as defined in the Purchase Agreement) which would have allowed (a) the parties to terminate the Purchase Agreement by mutual written consent of the parties, and (b) either party to terminate after August 12, 2025, if the closing had not occurred by the Drop Dead Date. Additionally, the parties agreed to delete a termination provision that allowed a party to terminate the Purchase Agreement if the other party is in breach of the Purchase Agreement which has not been cured within ten (10) days of written notice of such breach (provided that such terminating party has not committed a material breach which is the principal cause of the failure to close). Furthermore, the Purchase Agreement Amendment eliminated a financing contingency by which the Company would only be obligated to close with Seller if it had net proceeds of at least $10 million from on

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 10.1 Amendment to Stock Purchase Agreement. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DATAVAULT AI INC. Date: August 22, 2025 By: /s/ Nathaniel Bradley Name: Nathaniel Bradley Title: Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR