Datavault AI Inc. has completed the second tranche of its equity financing arrangement with Scilex Holding Company, issuing a Scilex pre-funded warrant for 263,914,094 shares of Datavault common stock in exchange for approximately 1,237.6 Bitcoin. The transaction follows stockholder approval of the warrant share issuance and an increase in authorized shares at the November 24, 2025 annual meeting. This financing tranche builds upon Scilex's initial investment made on September 26, 2025, creating a substantial financial partnership between the two NASDAQ-listed companies.
The strategic financing is designed to strengthen Datavault's digital asset reserves while expanding its supercomputing infrastructure and supporting platform growth initiatives. The capital infusion comes as both companies advance their artificial intelligence collaboration, which includes a worldwide exclusive biotech-sector license agreement. This licensing arrangement carries significant financial potential, with up to $2.55 billion in potential milestones and scheduled upfront payments through September 2026. The partnership represents one of the larger AI-focused collaborations in the biotechnology sector, combining Datavault's expertise in AI experience, valuation, and monetization of assets in the Web 3.0 environment with Scilex's industry presence.
Datavault's technology platform provides comprehensive solutions through its Acoustic Science and Data Science Divisions. The Acoustic Science Division features WiSA, ADIO and Sumerian patented technologies, including industry-first foundational spatial and multichannel wireless HD sound transmission technologies with intellectual property covering audio timing, synchronization and multi-channel interference cancellation. The Data Science Division leverages Web 3.0 and high-performance computing capabilities to provide solutions for experiential data perception, valuation and secure monetization across multiple industries.
The company's cloud-based platform serves numerous sectors including sports and entertainment, events and venues, biotech, education, fintech, real estate, healthcare, and energy. A key component of Datavault's technology suite is the Information Data Exchange, which enables Digital Twins and licensing of name, image, and likeness by securely attaching physical real-world objects to immutable metadata objects. This approach fosters responsible AI implementation with integrity while providing completely customizable technology solutions that offer AI and machine learning automation, third-party integration, detailed analytics, marketing automation and advertising monitoring capabilities.
