FAQ: Datavault AI's $150 Million Bitcoin Investment from Scilex Holding

What is the main announcement in this content?

Datavault AI has closed the initial tranche of a $150 million Bitcoin investment from Scilex Holding Company, with Scilex receiving 15,000,000 shares of Datavault common stock at $0.5378 per share.

Who is involved in this investment transaction?

The transaction involves Datavault AI Inc. (NASDAQ: DVLT) as the recipient and Scilex Holding Company (NASDAQ: SCLX) as the investor providing the Bitcoin investment.

How much of the $150 million investment has been completed?

The initial tranche has been closed, with the balance of the investment to be issued in a second tranche through a pre-funded warrant.

What is the condition for completing the full investment?

The second tranche requires Datavault stockholder approval for the issuance of shares exceeding 19.99% of pre-financing shares outstanding.

What does Datavault AI do as a company?

Datavault AI is a leader in AI-driven data visualization, valuation, and monetization, providing cloud-based solutions through its Acoustic Science and Data Science Divisions for multiple industries including sports, entertainment, biotech, education, fintech, and healthcare.

What technologies does Datavault AI’s Acoustic Science Division feature?

The Acoustic Science Division features WiSA®, ADIO®, and Sumerian® patented technologies, including foundational spatial and multichannel wireless HD sound transmission technologies with IP covering audio timing, synchronization, and multi-channel interference cancellation.

What is the Information Data Exchange (IDE) and what does it enable?

The Information Data Exchange (IDE) enables Digital Twins and licensing of name, image, and likeness (NIL) by securely attaching physical real-world objects to immutable metadata objects, fostering responsible AI with integrity.

Where is Datavault AI headquartered?

The company is headquartered in Beaverton, OR.

Where can investors find more information about Datavault AI?

The latest news and updates relating to DVLT are available in the company’s newsroom at https://ibn.fm/DVLT, and more company information can be found at www.datavaultsite.com.

What industries does Datavault AI’s platform serve?

The platform serves multiple industries including HPC software licensing for sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, energy and more.