InvestmentMay 5, 2026, 09:07 AM
Datavault AI Prices $60.0M Common Stock Offering
AI Summary
Datavault AI Inc. announced the pricing of a registered direct offering of 109,090,910 shares of its common stock at $0.55 per share, expecting to raise approximately $60.0 million in gross proceeds. The company intends to use the net proceeds to deploy its quantum-ready graphics processing unit edge network, including build-out and equipment, as well as for working capital and general corporate purposes. Titan Partners Group LLC is acting as the sole placement agent, receiving a $4.2 million cash fee and warrants to purchase 5,454,545 shares.
Key Highlights
- Datavault AI entered a Securities Purchase Agreement on May 3, 2026, for a registered direct offering.
- The company will sell 109,090,910 shares of common stock at $0.55 per share.
- The offering is expected to generate approximately $60.0 million in gross proceeds.
- Net proceeds will fund the deployment of its quantum-ready GPU edge network, working capital, and general corporate purposes.
- Titan Partners Group LLC will receive a $4.2 million cash fee and warrants to purchase 5,454,545 shares at $0.6325.
- The company is subject to a 45-day lock-up on issuing common stock or equivalents.
- Placement Agent Warrants and underlying shares are subject to a 180-day FINRA lock-up.