Financing ·
On August 18, 2026, Datavault AI Inc. closed a financing transaction with Streeterville Capital, LLC, issuing an…
DVLTDatavault AI Inc.
On August 18, 2026, Datavault AI Inc. closed a financing transaction with Streeterville Capital, LLC, issuing an unsecured convertible promissory note with a principal amount of $25,030,000 and 15,000,000 pre-delivery common shares for an aggregate purchase price of $25,001,500. The note bears interest at 8% per annum, matures in thirty months, and is convertible into common stock at a fixed price of $1.55 per share, subject to market-price conversion options starting January 1, 2027. The investor holds a right to purchase up to an additional $25,000,000 in notes under the same terms. The company established a reserve of 300,000,000 shares for conversions and entered into a voting agreement with major stockholders to secure approval for issuances exceeding Nasdaq limits. Datavault AI Inc. operates in the artificial intelligence industry, providing data management and analytics solutions.