Datavault AI Notes Conversion and Strategic Developments FAQ
Summary
Datavault AI has fully converted $13.3 million in long-term notes, significantly strengthening its balance sheet to support the accelerated launch of independent data exchanges and supercomputing capabilities with IBM, following a recent $150 million Bitcoin investment from Scilex.
What is the main announcement from Datavault AI?
Datavault AI announced the full conversion of certain long-term notes with an aggregate original face value of $13.3 million, which substantially strengthens the company’s balance sheet.
Why is this notes conversion significant for Datavault AI?
The conversion marks a strategic milestone that supports the accelerated launch of independent data exchanges (IDEs) and the buildout of supercomputing capabilities in cooperation with IBM, while strengthening the company’s financial position.
Who is involved in this announcement and what did they say?
Brett Moyer, Chief Financial Officer of Datavault AI, stated that the conversion represents a strategic milestone for the company’s growth initiatives.
When was this announcement made?
The announcement was made on October 3, 2025, following the company’s September 25 announcement about a strategic Bitcoin investment.
What recent strategic investment preceded this notes conversion?
The news follows Datavault AI’s September 25 announcement of a $150 million strategic equity investment in Bitcoin from Scilex, a Nasdaq-listed biotech firm in one of Datavault AI’s primary target sectors.
What are Datavault AI’s core business divisions and technologies?
Datavault AI operates through Acoustic Science and Data Science Divisions, featuring WiSA®, ADIO®, and Sumerian® patented technologies for spatial and multichannel wireless HD sound transmission, and leverages Web 3.0 and high-performance computing for data perception, valuation, and secure monetization.
What is the Information Data Exchange (IDE) and how does it work?
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.
What industries does Datavault AI serve with its technology platform?
Datavault AI’s cloud-based platform serves multiple industries including sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, energy, and more through HPC software licensing and comprehensive data solutions.
Where is Datavault AI headquartered and how can I learn more?
The company is headquartered in Beaverton, OR, and more information can be found at www.datavaultsite.com.
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