Monitor for the effectiveness of the Form S-8 registration statement covering the restricted stock awards, which will determine the grant dates and vesting schedules. No immediate trading catalyst.
Price Chart
Executive Summary
Datavault AI appointed Christopher R. Hardt as an independent director, filling a board seat designated by NYIAX following the August 2026 acquisition. Director Robert Tobias resigned to make room for Hardt and will receive a one-year advisory contract with $72,000 cash and 120,000 restricted stock units. The board also approved a new advisory arrangement for future resigning directors in connection with strategic transactions. This is a routine post-merger governance transition with no financial impact.
Key Facts
- Christopher R. Hardt appointed as independent director effective October 3, 2026, designated by NYIAX per the merger agreement
- Robert Tobias resigned from the board on October 2, 2026, to allow Hardt's appointment; no disagreement cited
- Tobias will serve as an Advisor under a one-year contract with $72,000 cash compensation and 120,000 restricted stock award
- Board approved advisory arrangements for future resigning directors in connection with strategic/change-of-control transactions
- Hardt will serve on the Audit Committee and Nominating and Corporate Governance Committee
- Hardt receives $60,000 annual cash compensation plus $2,500 for Audit Committee service, and a 125,000-share restricted stock award
Financial Impact
Approximately $72,000 cash and 120,000 shares for Tobias; $60,000 cash and 125,000 shares for Hardt; total annual cash cost ~$132,000 plus equity grants subject to S-8 effectiveness
Risk Factors
- Equity dilution from up to 245,000 restricted shares granted to Hardt and Tobias
- Potential for additional advisory arrangements if more directors resign in connection with future strategic transactions
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-114118 |
| Document: tm2627137d1_ex10-1.htm | 0001104659-26-114118 |
| Document: tm2627137d1_ex99-1.htm | 0001104659-26-114118 |
| Document: 0001104659-26-114118-index-headers.html | 0001104659-26-114118 |
| Document: 0001104659-26-114118-index.html | 0001104659-26-114118 |
| Document: 0001104659-26-114118.txt | 0001104659-26-114118 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 8-K | $0.1343 | awaiting T+60 | — | $0.0673 (+49.89%) |
Oct 15, 2026 11d ago | 8-K | $0.1320 | awaiting T+60 | — | $0.0673 (−49.02%) |
Oct 15, 2026 11d ago | 8-K | $0.1320 | awaiting T+60 | — | $0.0673 (+49.02%) |
Oct 6, 2026 20d ago | 3 | $0.1545 | awaiting T+60 | — | $0.0673 (−56.44%) |
Oct 6, 2026 20d ago | 8-K | $0.1545 | awaiting T+60 | — | $0.0673 (−56.44%) |
Sep 22, 2026 4w ago | Institutional Cluster | $0.1663 | awaiting T+60 | — | $0.0673 (−59.53%) |
Aug 19, 2026 9w ago | 8-K | $0.2962 | awaiting T+60 | — | $0.0673 (+77.28%) |
Aug 19, 2026 9w ago | 8-K | $0.2962 | awaiting T+60 | — | $0.0673 (+77.28%) |
Aug 17, 2026 10w ago | 8-K | $0.3867 | awaiting T+60 | — | $0.0673 (−82.60%) |
Aug 12, 2026 10w ago | S-3 | $0.3240 | awaiting T+60 | — | $0.0673 (+79.23%) |
US Market Status
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