DATS DatChat Inc

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): August 16, 2023

 

DatChat, Inc.
(Exact name of registrant as specified in its charter)

 

Nevada		001-40729		47-2502264
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

 

204 Neilson Street

New Brunswick, NJ 08901
(Address of principal executive offices, including ZIP code)

 

(732) 374-3529
(Registrant’s telephone number, including area code)

 

N/A
(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act: 

 

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock. $0.0001 par value		DATS		The Nasdaq Stock Market LLC
Series A Warrants, each warrant exercisable for one share of Common Stock at an exercise price of $4.98		DATSW		The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☒ 

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

Item 8.01

Other Events.

  

On August 16, 2023, DatChat, Inc. (the “Company”) issued a press release announcing the launch of artificial-intelligence powered pets in its mobile metaverse application, the “Habytat.” A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

 

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

The exhibit listed in the following Exhibit Index is filed as part of this Current Report on Form 8-K.

 

Exhibit No.		Description of Exhibit
99.1		Press release dated August 16, 2023.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

SIGNATURE

 

Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. 

 

Dated: August 17, 2023 

 

	DATCHAT, INC.
	/s/ Darin Myman
	Darin Myman
	Chief Executive Officer

 

Exhibit 99.1

 

DatChat Launches Artificial Intelligence-Powered Pets in Its Habytat Virtual World

 

Shiba Inu, German Shepherd, Golden Retriever, and Schnauzer are the first breeds to launch using novel machine learning framework that replicates life-like interactions and training

 

New Brunswick, NJ – August 16, 2023 – DatChat (Nasdaq: DATS), announced today that it has launched a series of novel AI-powered pets – called HabyPets – in its Habytat metaverse. The release of the pets marks a significant milestone in Habytat’s mission to bring the metaverse to life in a more accessible and innovative way via AI technology and machine learning. 

 

The initial breeds launching on Habytat include the Shiba Inu, German Shepherd, Golden Retriever, and Schnauzer, with plans to introduce additional breeds and cats in the near future. Once adopted, these virtual pets require daily care and training to keep them healthy, growing, and happy. 

 

Underpinned by Habytat’s proprietary AI and machine learning engine, HabyPets grow over time from playful companions to mature adult pets. Similar to real-life pets, these AI pets can be trained by users via a range of behavioral commands, replicating the natural progression of real pets over time. These include, but are not limited to, catching frisbees, playing with toys, engaging in tug of war, and even participating in thrilling races with other pets at the park.  

 

As the AI database expands, the pets’ behaviors will too, creating a dynamic experience that evolves and adapts over time. Just like with real pets, Habytat users will assume the role of caretakers for their HabyPets, which will include tasks such as feeding, cleaning up after them, petting, and playing with them. By actively engaging with their pets, users can establish a genuine connection and provide proper care for their virtual companions, fostering a realistic experience within the Habytat metaverse.

 

“HabyPets are the first in a series of planned product releases designed to create an engaging, fun, and useful customer experience in the Habytat, that we anticipate that this will translate into significant revenue growth from both advertisements and product placements,” stated Darin Myman, CEO of DatChat. “With the growing popularity of digital pets, we believe this presents a tremendous opportunity for our users to be entertained while also utilizing our platform to create unique digital assets for their furry friends. Leveraging AI and cutting-edge technology, we’re bringing the nostalgia of beloved vintage gaming communities such as Tamagotchi and Neopets into 2023.” 

 

To get involved in Habytat and adopt your own AI-powered HabyPet, visit https://habytat.io/pets or download the mobile app on App Store or Google Play.

 

About Habytat

Habytat by SmarterVerse, a subsidiary of DatChat Inc., is a metaverse platform and privacy-first social network. By dramatically lowering the financial and technical barriers to entry to the metaverse, Habytat is democratizing access to the digital realm and giving users a remarkable opportunity to co-create community, business and life together. Built on SmarterVerse Holding’s patented privacy technology, Habytat grants users complete control over their data, creating a social network users can trust. Learn more at habytat.io.

 

About DatChat Inc.

DatChat Inc. is a secure messaging, metaverse, and social media company that not only focuses on protecting privacy on personal devices, but also protects user information after it is shared with others. The DatChat Messenger & Private Social Network presents technology that allows users to change how long their messages can be viewed before or after users send them, prevents screenshots, and hides encrypted photos in plain sight on camera rolls. DatChat’s patented technology offers users a traditional texting experience while providing control and security for their messages. With the DatChat Messenger, a user can decide how long their messages last on a recipient’s device, while feeling secure that at any time, they can delete individual messages or entire message threads, making it like the conversation never happened. 

 

 

Forward-Looking Statements

Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon current estimates and assumptions and are subject to various risks and uncertainties, including without limitation those set forth in the Company’s filings with the SEC, not limited to Risk Factors relating to its business contained therein. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.  

 

CONTACT

ir@datchats.com

800-658-8081

 

v3.23.2

Cover	Aug. 16, 2023
Document Type	8-K
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Document Period End Date	Aug. 16, 2023
Entity File Number	001-40729
Entity Registrant Name	DatChat, Inc.
Entity Central Index Key	0001648960
Entity Tax Identification Number	47-2502264
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	204 Neilson Street
Entity Address, City or Town	New Brunswick
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	08901
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Pre-commencement Issuer Tender Offer	false
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Common Stock. $0.0001 par value
Title of 12(b) Security	Common Stock. $0.0001 par value
Trading Symbol	DATS
Security Exchange Name	NASDAQ
Series A Warrants, each warrant exercisable for one share of Common Stock at an exercise price of $4.98
Title of 12(b) Security	Series A Warrants, each warrant exercisable for one share of Common Stock at an exercise price of $4.98
Trading Symbol	DATSW
Security Exchange Name	NASDAQ

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