Datavault AI Issues 15 Million Shares to Scilex in Initial Tranche; Second Tranche Pending Shareholder Approval

Reuters

09/27

Datavault AI Issues 15 Million Shares to Scilex in Initial Tranche; Second Tranche Pending Shareholder Approval

Datavault AI Inc. (Nasdaq: DVLT) has closed the initial tranche of a $150 million Bitcoin investment from Scilex Holding Company (Nasdaq: SCLX). Scilex received 15,000,000 shares of Datavault common stock at an effective purchase price of $0.5378 per share. The agreement allows Scilex to acquire up to 278,914,094 shares, with the remainder to be issued in a second tranche via a pre-funded warrant, pending shareholder approval.

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 Business Wire (Ref. ID: 20250926978445) on September 26, 2025, and is solely responsible for the information contained therein.

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Scilex received 15,000,000 shares of Datavault common stock at an effective purchase price of $0.5378 per share. The agreement allows Scilex to acquire up to 278,914,094 shares, with the remainder to be issued in a second tranche via a pre-funded warrant, pending shareholder approval.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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 Business Wire (Ref. ID: 20250926978445) on September 26, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4007","symbol_name":"制药","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250926:nNDL4wMCdG:1","article_id":"2570832531","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2570832531","pubTimestamp":1758917536,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Datavault AI Inc.  has closed the initial tranche of a $150 million Bitcoin investment from Scilex Holding Company . Scilex received 15,000,000 shares of Datavault common stock at an effective purchase price of $0.5378 per share. The agreement allows Scilex to acquire up to 278,914,094 shares, with the remainder to be issued in a second tranche via a pre-funded warrant, pending shareholder approval.Disclaimer: This news brief was created by Public Technologies  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. 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The agreement allows Scilex to acquire up to 278,914,094 shares, with the remainder to be issued in a second tranche via a pre-funded warrant, pending shareholder approval.\n      \n\nDisclaimer: 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 Business Wire (Ref. ID: 20250926978445) on September 26, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}