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Datavault AI Announces Closing of Initial Tranche Investment from Scilex Holding Company
Scilex panyScilex pany(US:SCLX) Businesswire·2025-09-26 20:12

BEAVERTON, Ore.--(BUSINESS WIRE)--Datavault AI Inc. (Nasdaq: DVLT), a leader in AI-driven data visualization, valuation, and monetization, today announced the closing of the initial tranche of the previously announced 150millionBitcoin(BTC)investmentfromScilexHoldingCompany(Nasdaq:SCLX,"Scilexa^€).Underthetermsoftheagreement,Scilexisexpectedtoreceiveupto278,914,094sharesofDatavaultcommonstockataneffectivepurchasepriceof150 million Bitcoin (BTC) investment from Scilex Holding Company (Nasdaq: SCLX, "Scilex†). Under the terms of the agreement, Scilex is expected to receive up to 278,914,094 shares of Datavault common stock at an effective purchase price of 0.5378 per share, subject to adjustment. ...