Datavault AI Announces Closing of Initial Tranche Investment from Scilex Holding Company

Core Insights - Datavault AI Inc. has successfully closed the initial tranche of a $150 million Bitcoin investment from Scilex Holding Company [1] - Scilex is set to receive up to 278,914,094 shares of Datavault common stock at an effective purchase price of $0.5378 per share, which is subject to adjustment [1] Company Summary - Datavault AI Inc. is recognized as a leader in AI-driven data visualization, valuation, and monetization [1] - The investment from Scilex Holding Company indicates a strategic partnership aimed at enhancing Datavault's capital and market position [1] Financial Details - The total investment amount is $150 million, which reflects a significant financial commitment from Scilex [1] - The effective purchase price of $0.5378 per share suggests a calculated entry point for Scilex into Datavault's equity [1]