UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 8.01 Other Events
On February 28, 2023, DatChat, Inc. (the “Company”) issued a press release announcing that it will be launching AI-powered pets in the metaverse through its subsidiary Habytat. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
On March 2, 2023, the Company issued a press release announcing it had purchased 350,757 shares of common stock at an average price of $0.6593 per share as of February 28, 2023 through the Company’s share repurchase program. A copy of the press release is attached hereto as Exhibit 99.2 and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |
| 99.1 | Press release dated February 28, 2023 | |
| 99.2 | Press release dated March 2, 2023 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: March 3, 2023 | DATCHAT, INC. |
| /s/ Darin Myman | |
| Darin Myman | |
| Chief Executive Officer |
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Exhibit 99.1
Habytat to Launch AI-Powered Pets in The Metaverse
With its mission to bring the metaverse to the masses, voting for initial pet breeds now open to the public
New Brunswick, NJ – February 28, 2023 – Habytat, a photorealistic metaverse for the masses powered by DatChat (Nasdaq: DATS), today announces that it will be launching AI-powered pets in the metaverse, using a proprietary AI and machine learning engine that learns from and responds uniquely to each user as they interact with their pet.
Just like our real-world furry friends, Habytat’s pets will progress from puppies and kittens to full-grown adults as users care for them. Users will be able to choose their puppy or kitten from several initial breeds, and will need to take care of them on a daily basis by making sure they have water, food, affection and are cleaned up after. Additionally, the pets can be taught basic obedience commands such as “sit,” “stay,” “down” and “fetch.” The pets will even have their favorite toys and places to lay, and will need to be taught where they can and can not go in their Habytat home.
“We want Habytat to be easy to use, accessible, but most importantly, fun. The launch of AI-powered metaverse pets brings a new level of interactivity for aspiring pet owners and animal lovers alike,” said Gianfranco Lopane, President of Habytat. “These pets will bond with their owners, play with them, and will have needs just as real pets do – bringing the nostalgia of the Tamagotchi and Neopets era to 2023.”
Today, voters will be able to select four dog breeds and two cat breeds to be featured first in Habytat’s metaverse upon launch in Spring 2023. New animals – including giraffes, monkeys, lions, tigers, and bears (oh my!) will be added into Habytat in the following months.
To get involved and have your say in which initial breeds will launch on Habytat, please visit https://habytat.io/pets.
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.
Exhibit 99.2
DatChat, Inc. Provides Update on Share Repurchase Program
New Brunswick, NJ, March 2, 2023 -- DatChat, Inc. (“DatChat” or the “Company”) (Nasdaq: DATS), “) today provided an update on the $2 million share repurchase program (the “Share Repurchase Program”) authorized by the Company’s Board of Directors on January 6, 2023.
The Company reported that it has purchased 370,757 shares of common stock at an average price of $0.6593 per share as of 2/28/2023.
Additional shares may be repurchased from time to time in open market transactions, or other means in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Rule 10b -18 of the Exchange Act. The timing, number of shares repurchased, and prices paid for the stock under this program will depend on general business and market conditions as well as corporate and regulatory limitations, including blackout period restrictions.
About DatChat, Inc.
DatChat Inc. is a blockchain, 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 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
This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s initial public offering. No assurance can be given that the offering will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Press Contact:
Anna Walsh
Pace Public Relations
917-969-7081