Datavault AI (NASDAQ: DVLT) has announced that its board of directors has set March 9, 2026 as the record date for the previously announced dividend of the Josh Gibson Coin to eligible holders of common stock and other eligible equity securities. Distribution is scheduled to begin on April 30, 2026 on a one-for-one basis per share held as of the record date. This corporate action represents a tangible distribution of digital assets to shareholders, though the company emphasizes these coins are digital collectibles for personal, non-commercial use and do not represent equity, ownership, profit rights or investment interests in the company.
The board retains the right to change the record or distribution dates or revoke the dividend prior to distribution, including in the event of a material change to solvency or surplus analysis. This contingency clause provides the company with necessary flexibility while maintaining transparency about potential changes to the announced schedule. The company stated that additional details regarding wallet setup and distribution procedures will be provided prior to the distribution date, ensuring shareholders have adequate time to prepare for receipt of the digital collectibles.
This announcement represents a significant development in corporate digital asset distribution, particularly as companies explore new ways to engage shareholders through Web 3.0 technologies. The Josh Gibson Coin dividend follows Datavault AI's positioning as a leader in AI-driven data experiences, valuation, and monetization in the Web 3.0 environment. The company's platform delivers comprehensive solutions through its collaborative Acoustic Science and Data Science Divisions, with technologies serving industries including sports & entertainment, biotech, education, fintech, real estate, healthcare, and energy.
The distribution of digital collectibles to shareholders represents an innovative approach to corporate communications and shareholder engagement, potentially setting precedents for how publicly traded companies interact with investors in the digital age. However, the company's clear disclaimer that these coins are not investment instruments underscores the importance of distinguishing between corporate distributions with collectible value versus those with financial rights. This distinction may influence how regulatory bodies view similar corporate actions in the future.
For additional information about the company's operations and technologies, interested parties can visit www.dvlt.ai. The full press release containing this announcement is available at https://ibn.fm/WaNpW. The company's forward-looking statements are subject to various risks and uncertainties, as detailed in their SEC filings, including their most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Full terms of use and disclaimers applicable to this content are available at http://IBN.fm/Disclaimer.
The implications of this announcement extend beyond Datavault AI's immediate shareholder base, potentially influencing how other companies approach digital asset distribution and shareholder engagement. As corporations increasingly operate at the intersection of traditional business models and emerging technologies, actions like the Josh Gibson Coin dividend may become more common, requiring clear communication about the nature of distributed assets and their relationship to corporate ownership structures. This development also highlights the growing intersection between corporate governance and digital asset management in an increasingly connected business environment.
