Datavault AI Inc. has initiated legal action against Wolfpack Research and its founder Dan David, filing a defamation complaint regarding a short report released on October 31, 2025. The lawsuit contends that the report contained false and misleading statements while ignoring verifiable facts and omitting crucial context. According to the company, these actions directly harmed both the organization and its shareholders, prompting the legal response through representation from Paul Hastings LLP.
The formal complaint was included as Exhibit 99.1 to Datavault's Form 8-K filed with the SEC on November 10, 2025, providing official documentation of the legal proceedings. Nathaniel Bradley, CEO of Datavault AI, emphasized the company's determination to pursue accountability through the court system while reaffirming the company's ongoing focus on revenue generation and shareholder value creation. This legal action represents a significant development in the ongoing relationship between publicly traded companies and short-selling research firms.
Datavault AI operates as a leader in data tokenization and management, with its cloud-based platform serving multiple industries including sports & entertainment, biotech, education, fintech, real estate, healthcare, and energy. The company's technology suite includes the Information Data Exchange platform, which enables Digital Twins and licensing of name, image, and likeness by securely attaching physical real-world objects to immutable metadata objects. Additional information about the company is available at https://www.datavaultsite.com.
The case highlights the potential consequences of research reports that companies allege contain inaccurate information, underscoring the importance of accurate financial reporting and the legal recourse available to companies that believe they have been targeted by misleading information. Investors seeking additional updates regarding DVLT can access the company's newsroom at https://ibn.fm/DVLT, which provides ongoing information about corporate developments and financial performance. The outcome of this case could establish important precedents regarding the responsibilities of research firms in publishing reports about publicly traded companies and the legal standards governing such publications in the financial markets.
