• 3
  • Comment
  • Favorite

Datavault AI Stock Jumps 25% Premarket After It Inks Master Purchase Agreement With AP Global

Tiger Newspress01-05

Datavault AI's shares surged more than 25% pre-market, after having climbed 55% in prior trading session.

The announcement that Datavault AI entered into a Master Purchase Order Agreement with AP Global Holdings on January 4th has significantly boosted its stock price during Monday's pre-market trading session.

Under the new agreement, a large-scale service provider operating under the name Available Infrastructure will supply Datavault AI with its SanQtum infrastructure and cybersecurity services via a service-based delivery model. The company has arranged for a $250,000 prepayment for these services, and Datavault AI has also issued a purchase order to deploy the services across more than 100 cities within the United States.

This agreement has an initial term of 12 months and can be terminated early under specific conditions, including a convenience clause that allows Datavault AI to terminate by providing 90 days' written notice. Datavault AI Inc. (formerly known as WiSA Technologies) positions itself as a dual-focused technology company in "Data Science + Acoustic Science," with a core growth narrative centered on visualizing, valuing, and monetizing digital/data assets within the Web 3.0 environment.

According to its investor relations materials, the company's cloud platform offers solutions for multiple industries, emphasizing that its Information Data Exchange (IDE) supports Digital Twins and the secure binding of Name, Image, and Likeness (NIL) authorizations—linking real-world objects with immutable metadata or blockchain objects. The platform also provides privacy and credential protection, AI/ML automation, third-party integrations, and data analytics capabilities.

Datavault AI's latest statement confirms the impending procurement of its SanQtum™ infrastructure and cybersecurity services under a 12-month agreement, accompanied by the $250,000 prepayment, coupled with the existing purchase order to deploy these services in over 100 U.S. cities. For a small-cap stock like Datavault AI, with a market capitalization of just $560 million, the plan for a "deployment spanning over 100 U.S. cities" is undoubtedly interpreted by the market as a significant step in commercial advancement and operational expansion, triggering strong short-term sentiment and momentum trading.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

empty
No comments yet
 
 
 
 

Most Discussed

 
 
 
 
 

7x24