M&A - BRADLEY NATHANIEL T

Form Type: SCHEDULE 13D

Filing Date: 2025-01-13

Corporate Action: Acquisition

Type: New

Accession Number: 000110465925003030

Filing Summary: On December 31, 2024, Data Vault Holdings Inc. received 40,000,000 shares of common stock of WiSA Technologies, Inc. as part of an asset purchase for technology assets, patents, and trademarks. A portion of these shares was distributed to shareholders, including Nathaniel Bradley (3,446,456 shares) and Sonia Choi (2,775,954 shares). The acquisition included a $10,000,000 promissory note and provisions for a 3% earnout based on the gross revenue from the acquired patents. Mr. Bradley was appointed CEO of WiSA, and he and Ms. Choi have significant ownership stakes in the company post-transaction. The ownership stake of Mr. Bradley reflects 10,222,321 shares, indicating a strong influence over the company's management and strategic direction. The document details additional agreements related to the acquisition, including employment and inducement agreements tailored for Mr. Bradley.