Datavault AI, a NASDAQ-listed company under ticker DVLT, announced on August 19 the signing of a definitive agreement to acquire BankWyse, a Wyoming-chartered Special Purpose Depository Institution. The firm reported Q2 2026 revenue of $6.7 million, a 287% increase from $1.7 million in the same quarter last year, with gross profit reaching $2.9 million. This growth was driven by new revenue channels including live event production, consumer audio, and related-party sales. BankWyse operates under Wyoming’s SPDI framework, specifically designed for digital asset custody with a full-reserve model established in 2019. The acquisition remains subject to Wyoming banking regulator approval and customary closing conditions.
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