Datavault AI Inc. has entered into a Stock Purchase Agreement with API Media Innovations Inc., involving the acquisition of all outstanding shares of API Media. As part of the transaction, Datavault AI will issue 5,117,188 shares of its common stock, valued at $0.001 per share, to API Media's sellers, David Reese and Frank Tomaino. Additionally, the agreement includes a cash payment of $6,000,000 and $2,000,000 in convertible promissory notes.
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