Datavault AI Inc. (NASDAQ: DVLT) announced the closing of the second tranche of its equity financing with Scilex Holding Company (NASDAQ: SCLX), a move that significantly enhances the company's digital asset holdings and supercomputing infrastructure. Under the terms of the transaction, Datavault issued a Scilex pre-funded warrant for 263,914,094 shares of Datavault common stock in exchange for approximately 1,237.6 Bitcoin. The closing follows stockholder approval of the warrant share issuance and an increase in authorized shares at the Nov. 24, 2025 annual meeting.
This second tranche builds upon Scilex's initial investment on Sept. 26, 2025, and is intended to strengthen Datavault's digital asset reserves, expand its supercomputing infrastructure, and support platform growth. The companies are also advancing their AI collaboration, which includes a worldwide exclusive biotech-sector license with up to $2.55 billion in potential milestones and scheduled upfront payments through September 2026.
Datavault AI is a leader in AI experience, valuation, and monetization of assets in the Web 3.0 environment. Its cloud-based platform provides comprehensive solutions through its Acoustic Science and Data Science Divisions. The Acoustic Science Division features patented technologies such as WiSA(R), ADIO(R), and Sumerian(R), which offer foundational spatial and multichannel wireless HD sound transmission technologies. The Data Science Division leverages Web 3.0 and high-performance computing to provide solutions for experiential data perception, valuation, and secure monetization. Datavault's technology serves multiple industries, including sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, and energy. The Information Data Exchange(R) (IDE) enables Digital Twins and licensing of name, image, and likeness (NIL) by securely attaching physical real-world objects to immutable metadata objects.
For more details, the full press release is available at https://ibn.fm/rmEzb. The latest news and updates relating to DVLT are available in the company's newsroom at https://ibn.fm/DVLT.
