TLDR
- Datavault AI plunges after short report, vows legal fight and transparency.
- Wolfpack targets DVLT; firm fires back, alleging stock manipulation.
- DVLT reaffirms tech strength with 70+ patents amid market turbulence.
- CEO Bradley stresses innovation and strategy over short-term noise.
- Datavault AI to launch 4 data exchanges, advancing asset tokenization.
Datavault AI Inc. (NASDAQ: DVLT) witnessed a sharp 19.4% intraday drop on October 31, closing at $2.03.
Datavault AI Inc., DVLT
The decline followed a report by Wolfpack Research, which targeted the company and its CEO. In response, Datavault AI released a formal statement countering the claims and outlining legal action.
The company labeled the report as false and damaging to its reputation and stock. Wolfpack Research confirmed a short position in DVLT, indicating financial interest in the stock’s decline. As a result, Datavault AI moved swiftly to dispute the claims and reaffirm its corporate integrity.
Company Condemns Short Report and Plans Legal Action
Datavault AI rejected the Wolfpack Research report as misleading and defamatory. The company alleged the report aimed to manipulate DVLT stock for short sellers’ financial benefit. It argued the allegations lacked substance and caused reputational and market harm.
The firm stated that short selling is legal, but intentional manipulation through false data is not. Datavault AI confirmed it would explore every legal avenue to protect shareholder value. It emphasized that misinformation harms the broader market and undermines confidence.
Legal counsel has been retained to pursue action against Wolfpack Research. The legal team includes Paul Hastings LLP and Dickinson Wright PLLC. They are evaluating litigation and regulatory measures to address what they termed as market abuse.
Intellectual Property Strength and Operational Focus
The company reiterated the value of its technology and patent assets. Datavault AI holds over 70 patents covering data tokenization, AI-driven valuation, and inaudible audio technologies. These assets support real-world implementations and provide competitive protection.
Its recent patents include solutions for carbon-credit tokenization and virtual reality data integration. Management highlighted that these innovations serve industries like healthcare, identity management, and audio signal tracking. Datavault AI remains committed to execution over speculation.
CEO Nathaniel T. Bradley emphasized the company’s foundation in proprietary technologies and its focus on value creation. Datavault AI described its IP as a revenue driver through licensing opportunities. The company confirmed it would continue building its tech-enabled platforms without distraction.
Executive Background and Strategic Developments
Bradley’s background spans over 20 years in mobile technology, AI and digital monetization. He previously founded AudioEye and Hipcricket, both recognized for their market contributions. His current work at Datavault AI focuses on AI valuation and blockchain tokenization.
The company announced several strategic partnerships and product rollouts. These include the acquisition of CSI assets, media partnerships, and launching The X Club platform. Each move aims to expand data monetization and platform visibility.
Datavault AI is preparing to launch four new data exchanges. These platforms will target real-world asset tokenization and other emerging sectors. They reflect the company’s roadmap for market expansion and technology commercialization.
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