NEW YORK, Aug. 27, 2026 (GLOBE NEWSWIRE) — Wolf Popper LLP, a nationally recognized securities litigation firm, notifies investors that a securities class action lawsuit has been filed against DataVault AI Inc. (“DataVault” or the “Company”) (NASDAQ: DVLT) on behalf of investors who purchased or otherwise acquired DataVault securities between September 4, 2024 and October 30, 2025, inclusive (the “Class Period”).
Investors who suffered losses during the Class Period may seek appointment as lead plaintiff no later than October 5, 2026.
WHAT DOES THE LAWSUIT ALLEGE?
The complaint alleges that DataVault and certain of its executives made materially false and misleading statements concerning the Company’s business, including the value of its announced corporate partnerships and the level of activity on the Datavault Platform.
Specifically, the lawsuit alleges that defendants failed to disclose that:
- DataVault had overstated the economic value of partnerships with companies including Burke Products, Scilex Holding Company, and Nature’s Miracle Holding Inc.;
- trading activity on the DataVault Platform was significantly less than investors had been led to believe;
- DataVault had undisclosed connections to Edward Withrow III, a convicted felon, which exposed the Company to potential reputational harm; and
- as a result, defendants’ statements concerning DataVault’s business and prospects were materially false or misleading.
The complaint further alleges that DataVault promoted opportunities involving artificial intelligence, quantum computing, Web3, data monetization, and other technologies while investors were not provided with an accurate picture of the economic value or operating activity underlying certain of those initiatives.
WHAT HAPPENED TO DATAVAULT’S STOCK?
On October 31, 2025, Wolfpack Research published a report challenging DataVault’s public representations concerning its corporate partnerships, blockchain marketplace activity, and certain relationships involving Company leadership.
Following publication of the report, DataVault’s stock price fell $0.45 per share, or approximately 19.4%, from $2.30 per share on October 30, 2025 to $1.85 per share on October 31, 2025.
The lawsuit alleges that DataVault investors suffered damages when the alleged truth concerning the Company’s business and operations became known to the market.
WHAT CAN DVLT INVESTORS DO?
If you purchased or otherwise acquired DataVault securities between September 4, 2024 and October 30, 2025 and suffered a loss, you may contact Wolf Popper LLP to discuss your legal rights.
Investors seeking appointment as lead plaintiff must move the Court no later than October 5, 2026. You do not need to serve as lead plaintiff to participate in any potential recovery.
For more information, contact:
Wolf Popper LLP
Adam Savett
(212) 451-9655
[email protected]
