Datavault AI (NASDAQ: DVLT) Announces Plan to Spin Off Acoustic Division as Independent Public Company
Key Developments Datavault AI (NASDAQ: DVLT) has announced that its Board of Directors has requested the company’s management to develop a comprehensive plan to separate its acoustic division into a new publicly traded company through a dividend distribution. This division includes the ADIO®, WiSA®, Event Citadel™, and API Media businesses. The proposed new entity is expected to operate under the name “API Media” and has reserved the stock symbol “ADIO”…
