Datavault AI Secures Second Tranche of Scilex Equity Financing with Bitcoin Transaction

Datavault AI Inc. (NASDAQ: DVLT) has completed the second tranche of its equity financing arrangement with Scilex Holding Company (NASDAQ: SCLX), issuing a Scilex pre-funded warrant for 263,914,094 shares of Datavault common stock. The transaction involved an exchange for approximately 1,237.6 Bitcoin, following 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, and is designed to strengthen Datavault's digital asset reserves while expanding its supercomputing infrastructure. The capital infusion will support platform growth as both companies advance their artificial intelligence collaboration, which includes a worldwide exclusive biotech-sector license with up to $2.55 billion in potential milestones and scheduled upfront payments through September 2026.

The transaction represents a significant development in corporate financing strategies, demonstrating how established technology companies are increasingly incorporating cryptocurrency transactions into traditional equity financing structures. The use of Bitcoin as consideration for equity highlights the growing acceptance of digital assets in mainstream corporate finance operations, potentially setting precedents for future technology sector financing arrangements.

Datavault AI's technology platform provides comprehensive solutions for AI experience, valuation, and monetization of assets in the Web 3.0 environment. The company operates through two primary divisions: the Acoustic Science Division featuring WiSA, ADIO and Sumerian patented technologies for spatial and multichannel wireless HD sound transmission, and the Data Science Division that leverages Web 3.0 and high-performance computing for experiential data perception and secure monetization.

The company's cloud-based platform serves multiple industries including sports and entertainment, biotech, education, fintech, real estate, healthcare, and energy. The Information Data Exchange (IDE) enables Digital Twins and licensing of name, image, and likeness by securely attaching physical real-world objects to immutable metadata objects, fostering responsible AI implementation with integrity.

For investors seeking additional information about Datavault AI, the company maintains a newsroom at https://ibn.fm/DVLT where updates and corporate developments are regularly posted. The financing arrangement with Scilex represents a strategic move to accelerate Datavault's position in the competitive AI and Web 3.0 markets while establishing new benchmarks for cryptocurrency integration in corporate finance transactions.