Datavault AI Inc. (Nasdaq: DVLT) has entered into a securities purchase agreement with Scilex Holding Company (Nasdaq: SCLX) for a $150 million strategic investment. Under the agreement, Datavault AI will issue a total of 278,914,094 shares to Scilex at an effective purchase price of $0.5378 per share, subject to adjustments. The transaction will occur in two tranches: an initial tranche of 15,000,000 shares at closing, and the remainder in a second tranche via a pre-funded warrant.
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: 20250925321595) on September 25, 2025, and is solely responsible for the information contained therein.