M&A - DatChat, Inc.

Form Type: 10-K

Filing Date: 2025-03-31

Corporate Action: Acquisition

Type: Update

Accession Number: 000101376225004290

Filing Summary: For the fiscal year ended December 31, 2024, DatChat, Inc. presented its annual report which outlines their business in private messaging, cybersecurity and social media, emphasizing the company’s commitment to user privacy. The report highlighted the acquisition of RPM Interactive, Inc. in October 2024, which has led to a strategic focus shift for their subsidiary Dragon Interact, Inc. The acquisition has included a 34% stake in RPM, which is now driven towards producing AI-generated gaming content and podcasts. The report also discussed the operations of their messenger application which allows users to maintain control over their messages, and the launch of the Myseum social media platform. DatChat's competitive positioning is underscored by its privacy features amidst a landscape of formidable rivals like Facebook and WhatsApp. Risks identified include reliance on key personnel, market competition, and ongoing technological improvements. The document discusses the significance of intellectual property and includes an acknowledgment of risks associated with future regulatory submissions and product acceptance.