DatChat, Inc. - DATS STOCK NEWS

DatChat's subsidiary Dragon Interact has acquired RPM Interactive in exchange for 3.5 million shares of Dragon Interact common stock. The acquisition gives Dragon Interact 100% ownership of RPM Interactive, including all intellectual property. Dragon Interact plans to change its name to RPM Interactive and appointed Michael Mathews as Chairman of the Board. RPM Interactive is an AI-driven publisher focusing on gaming and podcasting/vodcasting apps. The company leverages generative AI systems to create interactive content for niche audiences. Prior to the acquisition, Dragon Interact had approximately 35,663,326 shares outstanding.

DatChat's subsidiary Dragon Interact has acquired RPM Interactive in a share exchange transaction involving 3.5 million shares of common stock. The deal includes 100% ownership and all intellectual property of RPM Interactive, a publisher of AI-generated gaming and podcasting apps. Dragon Interact will rebrand as RPM Interactive, with industry veteran Michael Mathews appointed as Chairman. Mathews brings extensive experience from leadership roles at Aspen Group and Interclick. The acquisition aims to leverage RPM's AI technology to transform trivia gaming, online entertainment, and podcasting industries, focusing on creating personalized content for niche audiences.

DatChat, Inc. (NASDAQ: DATS) has received a Notice of Allowance for U.S Patent Application No. 17/716,185 for Blockchain-Based Communication Systems and Methods. This patent is important for the company's Myseum platform, a digital social media legacy ecosystem where users can curate and preserve their digital content.

The patent covers a proprietary method of using blockchain technology to create a secure, private way for users to share and store digital content such as messages, photos, videos, and documents. CEO Darin Myman emphasized that this patent is a critical step in building the foundation for the Myseum platform, enabling users to share their digital media now and create a digital legacy for future generations.

DatChat, Inc. (NASDAQ: DATS) has announced the acquisition of an AI-driven media organization tool to enhance its Myseum platform. The proprietary software, compatible with leading AI models like Gemini, OpenAI, and Claude, will be integrated into Myseum, set for release in Fall 2024. This strategic addition aims to redefine digital legacy management by allowing users to create a multi-tiered social media ecosystem within a secured family network for storage and sharing.

The AI tool specializes in managing media libraries through intelligent tagging and renaming of images and media files. DatChat acquired the source code and complete rights to this technology through an asset purchase agreement on August 27, 2024, in exchange for 8,000,000 restricted shares of Dragon Interact, Inc., a majority-owned subsidiary of DatChat. This acquisition aligns with DatChat's mission to help users manage their digital legacies and use AI to bring ancestral history to life.

DatChat (Nasdaq: DATS) will participate in the EF Hutton Annual Global Conference on May 15th, 2024, in New York City. The company plans to introduce the Myseum Media Archiving & Social Networking Platform at the event. DatChat CEO, Darin Myman, expressed excitement about engaging with industry leaders and showcasing new initiatives like HabyPets interactive virtual world. The company also announced the release of its AI Dog Racing to enhance monetization on the Habytat platform.

DatChat (DATS) enhances its Habytat Metaverse with AI Dog Racing, introducing monetization opportunities through video ads and in-world purchases. The company aims to create a dynamic user experience, fostering competition and revenue growth within the metaverse.

DatChat, Inc. (Nasdaq: DATS) has announced the closing of its underwritten public offering of 972,972 shares of its common stock at a public offering price of $1.85 per share, resulting in approximately $1.8 million in gross proceeds. The underwriters have also been granted a 45-day option to purchase up to an additional 145,945 shares of common stock at the same price. EF Hutton LLC acted as the sole book-running manager for the Offering, which was made pursuant to a 'shelf' registration statement on Form S-3 filed with the SEC.

DatChat, Inc. (DATS) announced the pricing of its underwritten public offering of 972,972 shares of its common stock at a public offering price of $1.85 per share, with aggregate gross proceeds of approximately $1.8 million. The company has also granted the underwriters a 45-day option to purchase up to an additional 145,945 shares of common stock at the public offering price, with the offering expected to close on January 19, 2024. EF Hutton LLC is acting as the sole book-runner for the offering. The securities are being offered by the Company pursuant to a 'shelf' registration statement on Form S-3, filed with the U.S. Securities and Exchange Commission (SEC) on October 28, 2022, and declared effective on December 6, 2022.

DatChat, Inc. (DATS) plans to offer shares of its common stock in an underwritten public offering. The offering is subject to market conditions, and the company intends to use the net proceeds for general corporate purposes, research and development, and sales and marketing.