Datavault board approves distribution of Dream Bowl Draft meme coin

Datavault AI (DVLT) announced that the Board of Directors has approved the distribution of the Dream Bowl Draft meme coins to all eligible record holders of Scilex Holding Company (SCLX) and eligible Datavault AI equity holders with a set record date of Nov. 25, 2025. The ex-dividend date to acquire DVLT and SCLX common shares is Nov. 24, 2025. Datavault AI and Scilex shareholders as of the record date of Nov. 25, 2025 will be entitled to receive one meme coin for each common share held. Short sellers of DVLT and SCLX common shares have an opportunity to return their borrowed DVLT and SCLX common shares to the lending shareholders on and before the ex-dividend date of Nov. 24, 2025. Short sellers of DVLT and SCLX common shares who have not covered their short positions on the ex-dividend date will become naked short on dividend meme Coins on the Record Date and will be obligated to deliver these dividend meme Coins to the lending Datavault AI and Scilex shareholders upon actual distribution from Datavault AI in the near future.