Scilex Holding Company has completed a two-tranche equity investment in Datavault AI Inc. As part of the transaction, Scilex purchased a pre-funded warrant exercisable for 263,914,094 shares of Datavault AI common stock, with payment made in Bitcoin at the spot exchange rate at the time of the agreement. The issuance of shares upon exercise of the warrant was approved by Datavault AI stockholders at their November 24, 2025 annual meeting. Scilex exercised the warrant in full, with the resulting shares valued at approximately $583.3 million based on Datavault AI's closing price of $2.21 per share on November 25, 2025. The companies plan to collaborate on Real World Asset tokenization initiatives in 2026 and beyond.
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. Scilex Holding Company 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: 0001193125-25-303037), on December 01, 2025, and is solely responsible for the information contained therein.