Loan & DebtJul 22, 2026, 04:57 PM
Datavault AI Secures $833,333 Bridge Loan for NYIAX Merger
AI Summary
Datavault AI Inc. announced it has entered into a Guaranteed Bridge Loan Agreement as guarantor for NYIAX, Inc. The agreement provides NYIAX with a short-term bridge loan facility of up to $833,333 from Abri Capital LTD. The funds are intended to cover transaction-related expenses, legal fees, regulatory costs, employee obligations, and working capital necessary to complete the previously disclosed merger between Datavault AI and NYIAX. The loan features a 10% original issue discount, a 13% annual interest rate, and is due by September 11, 2026, or within three days of the merger's closing.
Key Highlights
- Datavault AI Inc. (Guarantor) entered a Bridge Loan Agreement with Abri Capital LTD. (Lender) and NYIAX, Inc. (Borrower).
- The facility provides up to $833,333 for NYIAX to fund expenses related to its merger with Datavault AI.
- The loan carries an original issue discount of 10% on each advance.
- Interest rate is 13% per year, increasing to 18% upon default.
- The loan's maturity date is September 11, 2026.
- Full repayment is due within three days of the merger closing or upon Datavault AI securing $10M+ financing.
Price Impact
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