Datavault AI Inc. (NASDAQ: DVLT) announced its board of directors has requested management develop a plan for a potential dividend spin-out of the company's Acoustic Sciences division into a standalone public company.

The proposed entity would be named API Media and trade under the ticker symbol "ADIO" on NASDAQ. The Acoustic Sciences division includes ADIO, WiSA, Event Citadel, and API Media operations focused on acoustic technologies and live events.

Under the proposed structure, Datavault AI shareholders would receive shares of API Media as a dividend, giving them ownership in both companies. The transaction remains subject to board approval, definitive agreements, and regulatory approvals.

Datavault AI has engaged Houlihan Lokey as financial advisor and Paul Hastings LLP as legal counsel for the potential transaction. The company is interviewing investment banks to serve as banking partner.

The company targets completion of the proposed spin-out by the end of 2026 operations, though this timeline depends on regulatory approvals and other factors.

"This proposed dividend spin-out is designed to deliver immediate value to our shareholders while allowing both organizations to pursue their distinct missions with greater focus and agility," said Nathaniel T. Bradley, CEO of Datavault AI.

The Acoustic Sciences division recently completed technology deployments at the Kentucky Derby and is working on the 2026 PGA Championship at Aronimink Golf Club. The division develops wireless audio technologies for large venues.

Datavault AI's Data Sciences division reported $750 million in tokenization contracts in Q1 2026, generating approximately $77 million in associated fees. The company maintains full-year 2026 revenue guidance of at least $200 million.

The Philadelphia-based company operates artificial intelligence and data infrastructure platforms for enterprise computing, edge GPU deployment, and quantum-ready network architectures.