CyberCatch Announces Merger with Datavault AI Inc
News related to:CyberCatch Holdings, Inc · 2 min read
CyberCatch Holdings, Inc., a provider of AI-enabled cybersecurity solutions, announced plans to merge with Datavault AI Inc. through a plan of arrangement. The deal, valued at US$3.22 per share, represents a 180% premium over the closing price of CyberCatch's shares on the TSX Venture Exchange on the day the deal was announced.
The plan of arrangement, which was unanimously approved by CyberCatch's board of directors, will see 1602628 B.C. Ltd., a wholly-owned subsidiary of Datavault, acquire all of CyberCatch's issued and outstanding shares. The transaction is expected to be completed in the fourth quarter of 2026, subject to the approval of securityholders and the court, as well as other customary closing conditions.
CyberCatch's board and special committee, after thorough review and consultation with financial and legal advisors, determined that the deal is in the best interests of the company and its stakeholders. The board recommended that securityholders vote in favor of the arrangement, citing significant benefits, including a substantial premium, immediate liquidity, and strategic value.
According to the terms of the arrangement, each securityholder, including common shareholders, optionholders, and warrantholders, will receive US$3.22 per share, subject to certain adjustments. This represents a significant premium over the closing price of CyberCatch's shares on August 14, 2026, the last trading day before the announcement of the deal.
The deal was part of a broader strategic review conducted by CyberCatch, which considered various value-enhancing options. Evans & Evans, Inc., an independent financial advisor, provided a fairness opinion, concluding that the deal is fair from a financial perspective to all securityholders.
CyberCatch's management has provided detailed information about the arrangement and its implications in a management information circular, which will be mailed to securityholders. The circular outlines the voting procedures for the upcoming annual general and special meeting, scheduled for October 14, 2026, at 10:00 a.m. (Vancouver time).
To ensure the deal's success, the Supreme Court of British Columbia granted an interim order on September 11, 2026, approving the calling and holding of the meeting, granting dissent rights, and addressing other procedural matters.
Securityholders are urged to carefully review the circular and related materials, as they contain important information regarding the arrangement and its consequences. The circular is available on CyberCatch's SEDAR+ profile at www.sedarplus.ca.
The closing of the arrangement is subject to the approval of securityholders and the court, as well as other customary conditions. Assuming all conditions are met, the deal is expected to significantly enhance CyberCatch's financial position and provide immediate liquidity to its securityholders.