Datavault AI (NASDAQ: DVLT), a leader in AI-driven data visualization, valuation, and monetization, announced the closing of the initial tranche of its previously announced $150 million Bitcoin investment from Scilex Holding Company (NASDAQ: SCLX). Scilex received 15,000,000 shares of Datavault common stock at an effective purchase price of $0.5378 per share, with the balance of the investment to be issued in a second tranche through a pre-funded warrant, subject to Datavault stockholder approval for the issuance of shares exceeding 19.99% of pre-financing shares outstanding.
To view the full press release, visit https://ibn.fm/TjgXs
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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