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 tranche of its previously announced $150 million Bitcoin investment from Scilex Holding Company. Scilex received 15,000,000 shares of Datavault common stock at an effective purchase price of $0.5378 per share.

How is the $150 million investment being structured?

The investment is being made in multiple tranches, with the initial tranche completed and the balance to be issued through a pre-funded warrant in a second tranche. The second tranche is subject to Datavault stockholder approval for share issuance 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 in the Web 3.0 environment. The company operates through Acoustic Science and Data Science Divisions, providing cloud-based solutions for multiple industries including sports & entertainment, biotech, fintech, real estate, and healthcare.

What technologies does Datavault AI’s Acoustic Science Division feature?

The Acoustic Science Division features WiSA®, ADIO®, and Sumerian® patented technologies, including industry-first foundational spatial and multichannel wireless HD sound transmission technologies with IP covering audio timing, synchronization and multi-channel interference cancellation.

What services does Datavault AI’s Data Science Division provide?

The Data Science Division leverages Web 3.0 and high-performance computing to provide solutions for experiential data perception, valuation and secure monetization. It includes the Information Data Exchange® (IDE) that enables Digital Twins and licensing of name, image, and likeness (NIL) by securely attaching physical objects to immutable metadata.

Where is Datavault AI headquartered?

Datavault AI is headquartered in Beaverton, OR.

Where can investors find more information about Datavault AI?

The latest news and updates relating to DVLT are available in the company’s newsroom at https://ibn.fm/DVLT. More information about the company can also be found at www.datavaultsite.com.

What industries does Datavault AI’s platform serve?

Datavault AI’s cloud-based platform serves multiple industries including HPC software licensing for sports & entertainment, events & venues, biotech, education, fintech, real estate, healthcare, energy and more.

What is the Information Data Exchange (IDE) and what does it enable?

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.