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Datavault AI Inc. entered into a binding term sheet with Scilex Holding Company to sell 837 BTC held in a Biconomy…
DVLTDatavault AI Inc.
Datavault AI Inc. entered into a binding term sheet with Scilex Holding Company to sell 837 BTC held in a Biconomy digital wallet for $50 million. Scilex will make an initial $30 million payment, with the remaining $20 million paid in quarterly installments from Q4 2026 through December 31, 2028. The transaction is subject to a following definitive agreement and customary closing conditions. Datavault AI Inc. operates in the technology sector, focusing on artificial intelligence and digital assets management.