Datavault AI Inc. Files Prospectus for $6.7 Million Convertible Notes Offering, Scheduled Closings in August 2025

Reuters
08/05
<a href="https://laohu8.com/S/DVLT">Datavault AI Inc.</a> Files Prospectus for $6.7 Million Convertible Notes Offering, Scheduled Closings in August 2025

Datavault AI Inc., a Delaware corporation, has filed a prospectus with the Securities and Exchange Commission as part of a Securities Purchase Agreement with institutional investors. The agreement involves a registered direct offering of senior secured convertible notes, totaling an aggregate principal amount of $13,333,332. These notes, offered under a registration statement on Form S-3, are divided into "Initial Notes" and "Additional Notes," each with a principal amount of $6,666,666 and an aggregate purchase price of $6,000,000. The notes carry a 10% original issue discount and mature 18 months from issuance. They are convertible into common stock at a conversion price of $1.00 per share, subject to stockholder approval. The Initial Closing is expected around August 5, 2025, with the Additional Closing occurring after meeting specific conditions. The prospectus highlights the strategic financial steps Datavault AI is taking to secure funding and expand its operations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Datavault Ai Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-073703), on August 04, 2025, and is solely responsible for the information contained therein.

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