Datavault to declare special dividend distribution of warrants

Datavault (DVLT) AI intends to declare a special dividend distribution of warrants to holders of Datavault AI common stock and holders of certain other Datavault AI equity securities. The expected terms of the warrants are described below. The record date for such proposed dividend is set on Jan. 7, 2026, and the related distribution date has not yet been determined. The Company anticipates that it will announce such information on or before Jan. 7, 2026. The warrants are expected to have a striking price of $5.00 per share of Datavault AI common stock. Datavault AI currently anticipates that the warrants will be exercisable only for cash consideration.