Datavault AI Secures $150M Bitcoin Investment from Scilex

Datavault AI (NASDAQ: DVLT), a prominent player in AI-driven data visualization, valuation, and monetization, has successfully closed the initial portion of a substantial $150 million Bitcoin investment from Scilex Holding Company (NASDAQ: SCLX). This strategic financial move involved Scilex acquiring 15 million shares of Datavault common stock at an effective price of $0.5378 per share, with the remaining investment scheduled for a second tranche through a pre-funded warrant. The completion of the full investment is contingent upon Datavault stockholder approval for share issuances exceeding 19.99% of pre-financing shares outstanding, highlighting the significant scale of this corporate partnership.

Beyond this major financial development, Datavault AI positions itself as an innovator in Web 3.0 asset experience, valuation, and monetization through its comprehensive cloud-based platform. The company operates through two distinct divisions: the Acoustic Science Division, which features patented technologies including WiSA, ADIO, and Sumerian for spatial and multichannel wireless HD sound transmission, and the Data Science Division, which leverages Web 3.0 and high-performance computing for experiential data perception and secure monetization. Their Information Data Exchange (IDE) technology enables Digital Twins and licensing of name, image, and likeness by securely linking physical objects to immutable metadata, fostering responsible AI implementation across multiple industries including sports & entertainment, biotech, education, fintech, real estate, healthcare, and energy.

The news was distributed through TechMediaWire, a specialized communications platform within the Dynamic Brand Portfolio at IBN that provides comprehensive distribution services including wire solutions, editorial syndication to 5,000+ outlets, enhanced press release features, and social media distribution to millions of followers. For those seeking additional information, the full press release is available at https://ibn.fm/MLmYX, while updates relating to DVLT can be found in the company's newsroom at https://ibn.fm/DVLT. The company maintains its headquarters in Beaverton, Oregon, and interested parties can learn more about Datavault AI's extensive technology suite at www.datavaultsite.com.