Financing ·
Datavault AI amends convertible note with Streeterville Capital to set $0.0632 floor price
DVLTDatavault AI Inc.
Datavault AI Inc. entered into Amendment No. 1 to its Convertible Promissory Note issued to Streeterville Capital, LLC. The amendment establishes a Nasdaq Floor Price of $0.0632 for the note's conversion calculation, which equals 20% of the Nasdaq Minimum Price determined immediately preceding the original issuance on August 18, 2026. This floor prevents any future adjustments to the fixed price from reducing it below this threshold. The principal amount of the note remains $25,030,000. Datavault AI Inc. operates in the artificial intelligence and data management industry.