Datavault AI Completes 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 in exchange for approximately 1,237.6 Bitcoin. This transaction follows stockholder approval of the warrant share issuance and an increase in authorized shares during the company's annual meeting held on November 24, 2025. The financing represents a significant milestone in the ongoing partnership between the two companies and demonstrates the growing intersection of traditional equity financing with digital asset transactions in corporate funding strategies.

The second tranche builds upon Scilex's initial investment made on September 26, 2025, creating a comprehensive financing structure designed to strengthen Datavault's digital asset reserves while simultaneously expanding its supercomputing infrastructure. This capital infusion is strategically positioned to support platform growth and development across multiple sectors. The financing arrangement occurs alongside the companies' advancing AI collaboration, which includes a worldwide exclusive biotech-sector license agreement featuring up to $2.55 billion in potential milestones and scheduled upfront payments extending through September 2026.

Datavault AI's technology platform provides comprehensive solutions with collaborative focus across its Acoustic Science and Data Science Divisions. The company's latest corporate developments and strategic initiatives are documented in the company's official newsroom available at https://ibn.fm/DVLT. The transaction underscores the evolving nature of corporate financing in the technology sector, where digital assets are increasingly being integrated into traditional investment structures. This approach provides companies with diversified asset reserves while maintaining the flexibility to deploy capital across various strategic initiatives.

The financing structure demonstrates how companies are leveraging multiple asset classes to fund growth initiatives while maintaining strategic partnerships. The use of Bitcoin in the transaction highlights the growing acceptance of cryptocurrency in corporate finance transactions and the increasing sophistication of digital asset management within publicly traded companies. The full details of the financing arrangement and corporate developments are available through the official press release accessible at https://ibn.fm/rmEzb. This transaction represents a significant step in Datavault's broader strategy to position itself at the intersection of artificial intelligence, digital assets, and high-performance computing infrastructure development.