SueWallSt Reminds Datavault AI Inc. Investors of the Pending Class Action Lawsuit With a Lead Plaintiff Deadline of October 5, 2026 - DVLT

Berger Montague has filed a class action lawsuit against Datavault AI Inc. (DVLT) on behalf of investors who purchased shares between September 4, 2024, and October 30, 2025. The lawsuit alleges Datavault overstated partnership values, trading activity, and failed to disclose reputational risks. Shares fell 19% on October 31, 2025, following a Wolfpack Research report with similar allegations. Investors have until October 5, 2026, to seek lead plaintiff status.

DataVault AI (DVLT) reported Q2 2026 revenue of $6.7M, up 287% YoY. The company reiterated its $200M full-year revenue target, driven by Acoustics Group and medical licensing. It has $2.5B in signed tokenization contracts, with $213M in potential fees. Management highlighted acquisitions, regulatory challenges, and a strong balance sheet. Q2 net loss was $88M, with gross profit of $2.9M.

Datavault AI Inc. (DVLT) received a 180-day extension from Nasdaq to comply with the $1 minimum bid price requirement, now due by February 22, 2027. The company previously failed to meet this requirement by the initial deadline of August 24, 2026. DVLT's stock continues to trade on the Nasdaq Capital Market under the symbol 'DVLT' during this period.

Legal firms urge Datavault AI (DVLT) investors to act before the Oct 5, 2026, deadline for a class action lawsuit. The suit alleges the company made false statements about partnerships and trading volume between Sep 4, 2024, and Oct 30, 2025. Insiders sold shares worth $73.8M during this period, and the stock fell 19.44% after a critical report. DVLT also announced a $22M acquisition of WDT, LLC, parent of BankWyse, subject to regulatory approval.

Datavault AI Inc. reiterated its $200M revenue target for 2026, driven by its Data Science and Acoustic Science divisions. The company announced partnerships, acquisitions, and a $150M stock conversion to enhance its balance sheet. It plans to launch exchanges in mid-September 2026 and anticipates significant revenue growth in Q4, supported by $213M in signed contract fees. The company aims to avoid a reverse stock split by meeting revenue guidance and leveraging a shareholder equity exemption.

Datavault AI (DVLT) agreed to acquire CyberCatch for $94.5 million in cash. The deal, subject to approvals, will integrate CyberCatch's cybersecurity tech into Datavault's Quantum Private Network GPU ecosystem. Datavault reported a quarterly net loss of $88.03 million and faces execution and integration pressures.