IBM and Datavault AI Modify Payment Terms and Expedite Launch
Yahoo Finance·2025-09-30 15:42

Core Insights - Datavault AI Inc. (NASDAQ:DVLT) is highlighted as a promising fast money stock following an update to its agreement with IBM, which modifies the payment schedule for software subscription licenses and accelerates the program's start date [1][3]. Financial Agreement Details - Under the amended contract, Datavault AI Inc. will pay IBM $2,500,000 towards previously scheduled program payments, with $3,296,183 due on December 23, 2025, and eight quarterly payments of $2,183,676 from March 2026 through December 2027 [2]. - The amendment also accelerates the initiation of the one-year committed term for the "Fixed Quantity Subscription License Programs" to September 30, 2025, moving it two months ahead from the previous schedule [3]. Company Overview - Datavault AI Inc. is an Oregon-based data sciences technology company that manages data management platforms and has been incorporated since 2010, maintaining a solid presence in North America, Asia Pacific, Europe, and internationally [4].