Datavault AI Strengthens Financial Position Through $13.3 Million Note Conversion

Datavault AI has announced the complete conversion of certain long-term notes totaling $13.3 million in original face value, a strategic financial move that substantially strengthens the company's balance sheet. Chief Financial Officer Brett Moyer emphasized that this conversion represents a significant milestone that will support the accelerated deployment of independent data exchanges and the development of enhanced supercomputing infrastructure in collaboration with IBM. This financial restructuring follows closely on the heels of the company's September 25 announcement regarding a $150 million strategic equity investment in Bitcoin from Scilex, a Nasdaq-listed biotechnology company operating within one of Datavault AI's primary target markets.

The company's technology platform spans multiple divisions, with the Acoustic Science Division featuring patented technologies including WiSA, ADIO, and Sumerian foundational spatial and multichannel wireless HD sound transmission systems. These technologies incorporate intellectual property covering audio timing, synchronization, and multi-channel interference cancellation. Simultaneously, the Data Science Division harnesses Web 3.0 capabilities and high-performance computing to deliver solutions for experiential data perception, valuation, and secure monetization across diverse industry sectors.

Datavault AI's comprehensive cloud-based platform serves numerous industries through high-performance computing software licensing, including applications in sports and entertainment, events and venues, biotechnology, education, financial technology, real estate, healthcare, and energy sectors. The company's Information Data Exchange enables Digital Twins and facilitates the licensing of name, image, and likeness by securely connecting physical real-world objects to immutable metadata objects, thereby promoting responsible artificial intelligence implementation with integrity. The complete technology suite offers extensive customization options, artificial intelligence and machine learning automation capabilities, third-party integration support, detailed analytics and data management, marketing automation, and advertising monitoring functionalities. Additional information about the company's operations and technology offerings can be found at https://www.datavaultsite.com.

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