Both Vault and Damstra went into trading halt this morning pending a 'proposed corporate control transaction by way of a scheme of arrangement'. So, presumably Damstra is taking over Vault.
The FY2020 ARR for DTC ~ $23,000,000 and VLT ~ $12,300,000. So, their current run rates are not dramatically different.
Yet, Vault currently trades on a Price/ARR of roughly 3.5x, while DTC is on a Price/ARR of 8.25x.
Vault shareholders will be hoping that Damstra pays a significant premium for control.