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 portion of a $150 million Bitcoin investment from Scilex Holding Company, with Scilex receiving 15 million 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 $150 million Bitcoin investment.

How much of the investment has been completed so far?

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 required for the second tranche of the investment to proceed?

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 industries including sports & entertainment, biotech, fintech, real estate, and healthcare.

What are Datavault AI’s key technology divisions?

The company operates through Acoustic Science Division (featuring WiSA®, ADIO®, and Sumerian® patented technologies for wireless HD sound transmission) and Data Science Division (leveraging Web 3.0 and high-performance computing for data perception, valuation, and secure monetization).

Where is Datavault AI headquartered?

The company is headquartered in Beaverton, OR.

Where can investors find more information about Datavault AI?

Investors can access the latest news and updates in the company’s newsroom at https://ibn.fm/DVLT and learn more about the company at www.datavaultsite.com.

What is the significance of this investment for Datavault AI?

This $150 million Bitcoin investment represents substantial capital infusion that will support the company’s growth and expansion of its AI-driven data visualization, valuation, and monetization platform across multiple industries.

What is the Information Data Exchange (IDE) mentioned in the content?

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.