Web3MediaBreaks – Datavault AI Inc. (NASDAQ: DVLT) Evaluating Dividend Spin-Out of Acoustic Sciences Division Into API Media
Datavault AI (NASDAQ: DVLT) announced that management has begun evaluating a potential dividend spin-out of its Acoustic Sciences division into a standalone public company proposed to be named API Media, with the reserved Nasdaq ticker symbol “ADIO,” as the company seeks to separate its acoustic technologies and live events operations from its AI-driven data monetization business. The proposed transaction remains subject to board approval, definitive agreements, regulatory approvals and other closing conditions. Datavault AI said the proposed spin-out would allow shareholders to receive shares of API Media as a dividend while enabling both businesses to pursue independent growth strategies. The Acoustic Sciences division includes the company’s ADIO(R), WiSA(R),…