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Datavault AI (DVLT) Touches $1 Level Anew After 4 Months on New $150-Million Investment
Yahoo Financeยท 2025-09-26 12:07
Core Viewpoint - Datavault AI Inc. (NASDAQ:DVLT) has experienced a significant rebound following a $150 million investment from Scilex Holding Company, with shares rising 28.43% to close at $0.8348, briefly touching the $1 minimum bid price requirement of the Nasdaq exchange [1][2]. Investment Details - The $150 million investment will be executed in two tranches: the first tranche of $8.067 million is expected to close on September 26, while the remaining $141.9 million is contingent upon shareholder approval [2]. - Scilex will acquire over 278.9 million shares of Datavault at a price of $0.5378 per share, with the transaction executed in Bitcoin at the current spot exchange rate on Coinbase [3]. Strategic Implications - The investment is expected to enhance Datavault's high-performance computing capabilities and support collaborations with the US Department of Energy's Brookhaven National Laboratory and IBM WatsonX [4]. - Datavault aims to leverage Web 3.0, blockchain-secured data trading, and AI-driven analytics to address challenges related to trust, data integrity, and monetization [5]. Future Developments - The partnership with Scilex will facilitate the ongoing development of platforms such as the International Elements Exchange, International NIL Exchange, and American Politics Exchange [5].