Datavault AI (NASDAQ: DVLT), a pioneer in AI-driven data monetization, announced the full conversion of certain long-term notes with an aggregate original face value of $13.3 million, substantially strengthening its balance sheet. Brett Moyer, Chief Financial Officer, said the conversion marks a strategic milestone that supports the accelerated launch of independent data exchanges (IDEs) and the buildout of supercomputing capabilities in cooperation with IBM. The news follows the company’s Sept. 25 announcement of a $150 million strategic equity investment in Bitcoin from Scilex (Nasdaq: SCLX), a Nasdaq-listed biotech firm in one of Datavault AI’s primary target sectors.
To view the full press release, visit https://ibn.fm/AnZsT
About Datavault AI Inc.
Datavault AI (NASDAQ: DVLT) is leading the way in AI experience, valuation, and monetization of assets in the Web 3.0 environment. The company’s cloud-based platform provides comprehensive solutions with a collaborative focus in its Acoustic Science and Data Science Divisions. Datavault AI’s Acoustic Science Division features WiSA(R), ADIO(R) and Sumerian(R) patented technologies and industry first foundational spatial and multichannel wireless HD sound transmission technologies with IP covering audio timing, synchronization and multi-channel interference cancellation. The Data Science Division leverages the power of Web 3.0 and high-performance computing to provide solutions for experiential data perception, valuation and secure monetization. Datavault AI’s cloud-based platform provides comprehensive solutions serving multiple industries, including HPC software licensing for sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, energy and more. The Information Data Exchange(R) (IDE) enables Digital Twins, licensing of name, image, and likeness (NIL) by securely attaching physical real-world objects to immutable metadata objects, fostering responsible AI with integrity. Datavault AI’s technology suite is completely customizable and offers AI and Machine Learning (ML) automation, third-party integration, detailed analytics and data, marketing automation and advertising monitoring. The company is headquartered in Beaverton, OR. Learn more about Datavault AI at www.datavaultsite.com.
NOTE TO INVESTORS: The latest news and updates relating to DVLT are available in the company’s newsroom at https://ibn.fm/DVLT
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