Datavault AI Inc.

Datavault AI Inc. issued Participation Warrants for up to 2,727,272 shares of common stock to Maxim Group LLC, alongside a $1,050,000 cash fee. This agreement also retains Maxim as a co-sales agent for a future at-the-market offering, where they will receive 3% of gross proceeds. The warrants were issued to settle certain matters and in consideration of Maxim waiving its participation rights from a previous equity distribution agreement. The company also filed a prospectus supplement to register these warrants.

Datavault AI Inc. announced that BPM LLP resigned as its independent registered public accounting firm, effective June 15, 2026. The company is actively seeking a successor. Datavault AI confirmed that BPM's reports for the fiscal years 2024 and 2025 did not contain any adverse opinions or disclaimers, and there were no disagreements on accounting matters or reportable events during the specified periods.

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.

Datavault AI Inc. reported a significant net loss of $53.1 million for Q1 2026, a substantial increase from $9.6 million in Q1 2025, despite revenue growing to $3.4 million from $0.6 million. The company also received a Nasdaq notification for non-compliance with the minimum bid price requirement. Operating expenses surged, and crypto asset holdings decreased significantly during the quarter, partially offset by cash raised through financing activities.

Datavault AI reported a significant 443% year-over-year revenue increase to $3.4 million for Q1 2026, driven by the acquisition of CompuSystems Inc. The company also announced signing over $800 million in tokenization contracts, expecting nearly $100 million in fees for 2026, and reiterated its full-year 2026 revenue target of at least $200 million. Strategic initiatives include securing $120 million in non-dilutive funding for its SanQtum AI infrastructure rollout and a binding letter of intent to acquire CyberCatch Holdings. Despite strong growth and strategic advancements, the company reported a net loss of $53.1 million due to increased operating expenses.

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.

Datavault AI Inc. announced a binding term sheet with Scilex Holding Company for a $120 million upfront cash contribution. This funding will exclusively support the deployment of Datavault AI's quantum-ready GPU infrastructure across an estimated 100 cities in the United States, forming the "Quantum-Ready Edge Network." In return, Scilex will receive a portion of the network's gross revenues, structured with tiered percentages until certain caps are met. The company projects a total $200M+ cash infusion without equity dilution, including other anticipated sales.

Datavault AI Inc. has entered into a Subscription Agreement to acquire 8,163,265 shares of Vivasor, Inc.'s Series A Common Stock. The total purchase price for this transaction is $50 million. Datavault AI will pay the entire consideration by issuing 75,942,666 shares of its own common stock to Vivasor. The company also filed a prospectus supplement to register these Datavault shares.