AINewsBreaks – Datavault AI Inc. (NASDAQ: DVLT) Closes Second Tranche of Scilex Equity Financing
Datavault AI (NASDAQ: DVLT) closed the second tranche of its equity financing with Scilex Holding Company (NASDAQ: SCLX), issuing a Scilex pre-funded warrant for 263,914,094 shares of Datavault common stock in exchange for approximately 1,237.6 Bitcoin, following stockholder approval of the warrant share issuance and an increase in authorized shares at the Nov. 24, 2025 annual meeting. The tranche builds on Scilex’s initial Sept. 26, 2025 investment and is intended to strengthen Datavault’s digital asset reserves, expand its supercomputing infrastructure, and support platform growth, while the companies advance their AI collaboration that includes a worldwide exclusive biotech-sector license with up…