Datavault AI secures $150M strategic investment from Scilex

Datavault (DVLT) AI “announced the execution of a securities purchase agreement for a $150 million strategic investment from Scilex Holding Company. As described below, the investment will be made in two tranches, with an initial tranche of $8,067,000, expected to close on September 26, 2025, and a second tranche of $141,933,000 expected to close following receipt of stockholder approval as described below. The transaction, executed in Bitcoin at the spot exchange rate published by Coinbase.com, is expected to strengthen Datavault AI’s balance sheet and provide growth capital to accelerate its supercomputing infrastructure, expand independent data exchanges, and unlock new revenue streams.”