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Scilex Holding Company Announces Closing of Previously Announced Second Tranche Investment in Datavault AI Inc., Completing Its Two-Tranche Equity Financing in Datavault AI Inc.
Globenewswire· 2025-11-26 11:00
Core Insights - Scilex Holding Company has successfully closed the second tranche of its strategic investment in Datavault AI, acquiring shares valued at approximately $583.3 million based on the closing price of Datavault's common stock [1][5]. Company Overview - Scilex is focused on acquiring, developing, and commercializing non-opioid pain management products for treating acute and chronic pain, as well as neurodegenerative and cardiometabolic diseases [3][4]. - The company has several commercial products, including ZTlido® for neuropathic pain, ELYXYB® for acute migraine treatment, and Gloperba® for gout flare prophylaxis [3][4]. Product Development - Scilex has three product candidates in development: - SP-102, a viscous gel for lumbosacral radicular pain, which has completed Phase 3 studies and received Fast Track status from the FDA [4]. - SP-103, a next-generation lidocaine topical system for acute pain, which has recently completed a Phase 2 trial [4]. - SP-104, a low-dose naltrexone for fibromyalgia treatment, is also under development [6]. Strategic Investment - The strategic investment in Datavault AI involves the purchase of a pre-funded warrant for 263,914,094 shares of Datavault AI common stock, with the transaction being approved by Datavault's stockholders [5]. - Both companies plan to enhance collaboration to drive growth in Real World Asset tokenization starting in 2026 [5]. Datavault AI Overview - Datavault AI specializes in AI-driven data experiences and asset monetization, offering solutions across various industries, including biotech, fintech, and healthcare [7]. - The company’s platform includes technologies for audio transmission and high-performance computing, enabling secure monetization and data analytics [7].
Datavault AI Announces Closing of the Second Tranche of Scilex Holding Company's Previously Announced Equity Financing
Globenewswire· 2025-11-26 11:00
Core Insights - Datavault AI has successfully closed the second tranche of equity financing with Scilex Holding Company, issuing a pre-funded warrant for approximately 263.91 million shares in exchange for about 1,237.6 Bitcoin [1][8] - The strategic investment aims to provide growth capital to enhance Datavault's digital asset reserves, accelerate supercomputing infrastructure, and support platform expansion [2] - Datavault has granted Scilex an exclusive worldwide license for its AI-driven technology tailored for the biotech and biopharma industry, which includes a nonrefundable upfront license fee totaling $10 million and potential sales milestone payments of up to $2.55 billion [3][4] Financial Details - The initial tranche of Scilex's investment was closed on September 26, 2025, valued at approximately $8 million in Bitcoin [1][8] - The second tranche involves a purchase of approximately 1,237.6 Bitcoin, reflecting a significant investment in Datavault's future growth [1][8] - Scilex will pay the upfront license fee in four equal installments of $2.5 million, with the first payment due by December 31, 2025 [4] Leadership Commentary - Scilex CEO Henry Ji expressed confidence in the collaboration, highlighting the alignment of Datavault's technologies with the biotech sector's needs for advanced data analytics and supercomputing power [5] - Datavault AI CEO Nathanial Bradley welcomed Scilex as a major stockholder, emphasizing the shared vision for leveraging digital assets to capture market share in the biotech sector [5] Company Overview - Datavault AI specializes in AI-driven data experiences and asset monetization in the Web 3.0 environment, offering solutions across various industries including biotech, fintech, and healthcare [6][7] - The company's technology suite includes patented technologies for audio transmission and high-performance computing solutions [6][7]
Datavault AI Finalizes Headquarters Lease in Philadelphia, Strengthening Commitment to Expansion and Innovation
Globenewswire· 2025-11-10 15:00
Core Insights - Datavault AI Inc. has signed a 5-year lease for approximately 23,037 rentable square feet at One Commerce Square in Philadelphia, establishing its permanent corporate headquarters [1][2] - The lease includes a base monthly rent of around $48,000 with modest annual increases, supporting the company's growth strategy in AI, data tokenization, and digital credentialing technologies [2][4] - The new headquarters will serve as a central hub for development, sales, and operations, facilitating enterprise integrations and client engagement [4] Company Overview - Datavault AI is a leader in data monetization, credentialing, and digital engagement technologies, focusing on AI-driven data experiences and asset valuation in the Web 3.0 environment [5] - The company's cloud-based platform offers solutions across various industries, including sports, entertainment, biotech, education, fintech, real estate, healthcare, and energy [5] - Datavault AI's technology suite includes patented technologies for audio transmission and solutions for experiential data perception, valuation, and secure monetization [5]
Datavault AI Files Lawsuit Against Wolfpack Research and Its Founder Dan David
Globenewswire· 2025-11-10 12:55
Core Viewpoint - Datavault AI has filed a lawsuit against Wolfpack Research and its founder Dan David for a defamatory short report that allegedly harmed the company and its shareholders [1][2][3] Group 1: Lawsuit Details - The lawsuit seeks redress for a malicious short report released on October 31, 2025, which contained false and misleading accusations against Datavault AI and its personnel [1][2] - The report's disregard for Datavault's public filings and omission of critical context resulted in direct harm to the company and its shareholders [2] Group 2: Company Response - Nathaniel Bradley, CEO of Datavault AI, stated that the company and its shareholders have been harmed by Wolfpack's actions and emphasized the commitment to hold the defendants accountable in court [3] - Despite the distraction caused by the lawsuit, the company remains focused on generating revenue and driving shareholder value [3] Group 3: Company Overview - Datavault AI (Nasdaq: DVLT) specializes in AI-driven data experiences, asset valuation, and monetization in the Web 3.0 environment [4] - The company's cloud-based platform offers solutions across various industries, including sports, entertainment, biotech, education, fintech, real estate, healthcare, and energy [4] - Datavault AI's technology suite includes patented technologies for audio transmission and secure monetization of data, emphasizing responsible AI practices [4]
Datavault AI 对 Wolfpack Research 恶意做空报告发布正式回应;公司申明其知识产权、领导力与战略方向优势
Globenewswire· 2025-11-02 07:45
Core Viewpoint - Datavault AI strongly condemns the malicious short-selling report by Wolfpack Research, claiming it contains false and defamatory statements aimed at manipulating the company's stock for economic gain [1][2]. Group 1: Company Response - Datavault AI plans to file a lawsuit against Wolfpack Research for its malicious actions and to protect shareholder rights [2]. - The company has hired legal advisors to assess its legal rights and intends to take all possible legal remedies to maintain its reputation and shareholder interests [3]. - The CEO emphasizes that market manipulation through false statements is unacceptable and that the lawsuit will detail the false and misleading claims made by Wolfpack Research [3]. Group 2: Intellectual Property and Strategic Value - Datavault AI's value is rooted in its strong intellectual property portfolio, which includes over 70 U.S. and international patents covering AI-driven data valuation, blockchain tokenization frameworks, and enterprise data monetization systems [4]. - The company asserts that its strategy is based on intellectual property and execution rather than speculation, with technologies creating value across various industries [4]. Group 3: Leadership Background - Nathaniel T. Bradley, the CEO, has over 20 years of experience in mobile marketing, audio processing, AI, and data monetization, having founded several successful companies [5]. - His leadership at Datavault AI focuses on innovations in AI data valuation and blockchain tokenization of real-world assets [5]. Group 4: Recent Achievements and Milestones - Datavault AI has established strategic alliances and completed acquisitions to enhance its data processing capabilities [10]. - The company is preparing to launch four independent data exchanges, leveraging its extensive patent portfolio to focus on real asset tokenization and transparency in political donations [10].
Datavault AI Issues Formal Response to Wolfpack Research's Malicious Short Report; Company Affirms the Strength of Its Intellectual Property, Leadership, and Strategic Direction
Globenewswire· 2025-10-31 22:19
Core Viewpoint - Datavault AI strongly condemns the recent short report issued by Wolfpack Research, claiming it contains false and defamatory statements aimed at manipulating the company's stock for financial gain [1][2][3]. Group 1: Allegations Against Wolfpack Research - The Wolfpack Research report is characterized as self-serving and malicious, lacking factual foundation and causing reputational harm to Datavault AI and its shareholders [1][2]. - The company intends to pursue legal action against Wolfpack Research to hold them accountable for their conduct and protect shareholder rights [3][4]. Group 2: Legal Actions and Counsel - Datavault AI has engaged legal counsel from Paul Hastings LLP and Dickinson Wright PLLC to strategize litigation and regulatory actions against Wolfpack Research [4]. - The company aims to outline the false statements made in the report in a lawsuit, which will also serve as a roadmap for federal enforcement authorities [5]. Group 3: Intellectual Property and Strategic Value - Datavault AI's value is anchored in a robust intellectual property portfolio, comprising over 70 patents related to AI-driven data valuation, blockchain tokenization, and enterprise data monetization [6][7]. - The company emphasizes that its strategy is based on intellectual property and execution rather than speculation, with recent patent grants covering various innovative technologies [7]. Group 4: Leadership and Background - Nathaniel T. Bradley, the CEO of Datavault AI, has a significant background in mobile marketing, audio processing, AI, and data monetization, having founded successful companies in these fields [8][9][10]. - Under Bradley's leadership, Datavault AI has developed innovations in AI data valuation and blockchain technology, establishing a reputation for building mission-driven platforms [10]. Group 5: Recent Successes and Milestones - Datavault AI has formed strategic alliances, completed acquisitions, launched new products, and clarified corporate governance practices, all aimed at enhancing its market position and investor visibility [14].
Datavault AI Issues Formal Response to Wolfpack Research’s Malicious Short Report; Company Affirms the Strength of Its Intellectual Property, Leadership, and Strategic Direction
Globenewswire· 2025-10-31 22:19
Core Viewpoint - Datavault AI strongly condemns the recent short report issued by Wolfpack Research, claiming it contains false and defamatory statements aimed at manipulating the company's stock for financial gain [1][2][3]. Group 1: Allegations Against Wolfpack Research - The Wolfpack Research report is characterized as self-serving and malicious, lacking factual foundation and causing reputational harm to Datavault AI and its shareholders [1][2]. - The company intends to pursue legal action against Wolfpack Research to hold them accountable for their conduct and protect shareholder rights [3][4]. Group 2: Legal Actions and Counsel - Datavault AI has engaged legal counsel from Paul Hastings LLP and Dickinson Wright PLLC to strategize litigation and regulatory actions against Wolfpack Research [4]. - The company aims to outline the false statements made in the report in a lawsuit, which will also serve as a roadmap for federal enforcement authorities [5]. Group 3: Intellectual Property and Strategic Value - Datavault AI's value is anchored in a robust intellectual property portfolio, comprising over 70 patents related to AI-driven data valuation, blockchain tokenization, and enterprise data monetization systems [6][7]. - The company emphasizes that its strategy is based on intellectual property and execution rather than speculation, highlighting the value created across various industries [7]. Group 4: Leadership and Background - Nathaniel T. Bradley, the CEO of Datavault AI, has a significant background in mobile marketing, audio processing, AI, and data monetization, with a history of founding successful companies [8][9][10]. - Under Bradley's leadership, Datavault AI has developed innovations in AI data valuation and blockchain technology for real-world asset tokenization [10]. Group 5: Recent Successes and Milestones - Datavault AI has formed strategic alliances, completed acquisitions, launched new products, and clarified corporate governance practices to enhance investor visibility and operational capabilities [14].
Datavault AI Acquires API Media in All Cash Transaction
Globenewswire· 2025-10-28 18:48
Core Insights - Datavault AI Inc. has announced a definitive acquisition agreement to acquire API Media, enhancing its technology culture and capabilities in data activation and monetization [1][2] - The acquisition aims to strengthen Datavault's proprietary data-monetization ecosystem and expand its recurring-revenue base [2][3] - API Media's expertise in audio-visual technologies and IT services for large events will complement Datavault's offerings, particularly in AI and analytics [2][3] Company Overview - Datavault AI is a leader in data tokenization and monetization technologies, focusing on AI-driven data experiences in the Web 3.0 environment [3] - The company provides a cloud-based platform with solutions across various industries, including sports, entertainment, biotech, and healthcare [3] - Datavault's technology suite includes patented technologies for audio transmission and data management, enabling secure monetization and compliance [3] Strategic Implications - The acquisition of API Media is expected to accelerate Datavault's growth trajectory and enhance its market share in data-driven media and marketing [2][3] - The integration will provide Datavault with expanded expertise in digital media operations, audience intelligence, and revenue analytics [2][3] - This move positions Datavault as a global leader in data monetization and AI-enabled experiential events, creating new revenue streams for enterprise clients [2][3]
Datavault AI Appoints U.S. Navy Veteran Pete Scobell as Vice President, Global Security
Globenewswire· 2025-10-21 10:05
Core Insights - Datavault AI Inc. has appointed Pete Scobell as Vice President of Global Security to enhance its security operations and support its initiatives, including the Anti-Stolen Valor program and the International Elements Exchange launch [1][2][3] Company Developments - The Anti-Stolen Valor initiative aims to honor military service and promote integrity and accountability within a data-driven ecosystem, aligning with Datavault's mission of merging value creation with national service principles [2] - Scobell's extensive background as a U.S. Navy SEAL veteran is expected to bring discipline and precision to Datavault's operations, particularly in real-world asset logistics [3][4] Strategic Focus - The company emphasizes the importance of moral protection alongside physical security, aiming to set a new global standard for accountability and trust in its operations [4] - Datavault AI is focused on leveraging its cloud-based platform for AI-driven data experiences, valuation, and monetization across various industries, including sports, entertainment, biotech, and fintech [5]
Datavault AI Regains Compliance with Nasdaq Minimum Bid Price Requirement
Globenewswire· 2025-10-10 15:30
Core Points - Datavault AI Inc. has regained compliance with Nasdaq Listing Rule 5550(a)(2) regarding the minimum bid price requirement for its common stock [1][2] - The company's common stock maintained a closing bid price of at least $1.00 per share for ten consecutive trading days from September 26, 2025, to October 9, 2025 [2] - The resolution of this compliance issue highlights Datavault AI's commitment to maintaining its listing status and delivering value to shareholders [3] Company Overview - Datavault AI Inc. specializes in secure data tokenization and Web 3.0 innovations, offering AI-driven data experiences, valuation, and monetization [1][5] - The company operates a cloud-based platform that provides solutions across various industries, including sports & entertainment, biotech, education, fintech, real estate, healthcare, and energy [5] - Datavault AI's technology suite includes patented technologies in its Acoustic Science Division and high-performance computing solutions in its Data Science Division [5]