Datavault AI Signs Non-Binding $2.0B Structured Financing Term Sheet
Datavault AI Inc. announced a non-binding term sheet with Helmex Global LLP for a potential $2.0 billion structured financing transaction. The deal, structured in four $500 million tranches, involves Datavault AI potentially issuing shares at $1.55-$2.00 per share in exchange for preferred units in an investment vehicle. A binding, non-refundable $25.0 million payment is due by June 4, 2026, for the first tranche's costs. The agreement also includes an exclusive mandate for Helmex to use Datavault AI's platform for its global digital asset tokenization projects, and the Counterparty could gain a majority on Datavault AI's board. The transaction is subject to numerous conditions, including shareholder and regulatory approvals, and there is no assurance it will be consummated.
Key Highlights
- Datavault AI entered a non-binding term sheet for a potential $2.0 billion structured financing transaction.
- The financing is structured in four successive tranches of up to $500 million each.
- Datavault AI has a binding obligation to make a non-refundable $25.0 million payment by June 4, 2026.
- Shares may be issued at a purchase price of $1.55 to $2.00 per share to the Counterparty.
- The Counterparty, Helmex Global LLP, agreed to route all global digital asset tokenization exclusively through Datavault AI.
- The Counterparty would be entitled to nominate one additional director per tranche, potentially gaining a board majority.
- The transaction is subject to due diligence, definitive agreements, shareholder approval, and regulatory clearances.
- Datavault AI reported Q1 2026 revenue growth of 443% year over year.
Price Impact
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