Overview

• Datavault AI announced a $150 million investment from Scilex structured in two tranches, with an initial $8.067 million slated to close on Sept. 26 and a $141.9 million balance pending shareholder approval.
• The transaction was executed in Bitcoin at Coinbase spot rates, tying settlement to cryptocurrency pricing.
• Proceeds are earmarked for high‑performance computing and independent, blockchain‑secured data exchanges focused on biotech data monetization.
• The company cited partnerships and associations with Brookhaven National Laboratory and IBM WatsonX as priorities for the planned build‑out.
• Shares of Datavault AI surged on the news, rallying about 23% after hours and touching roughly $1.07 intraday as the stock revisited the Nasdaq $1 threshold.