Datavault ai announces closing of initial tranche investment from scilex holding company

Beaverton, ore.--(business wire)--datavault ai inc. (nasdaq: dvlt), a leader in ai-driven data visualization, valuation, and monetization, today announced the closing of the initial tranche of the previously announced $150 million bitcoin (btc) investment from scilex holding company (nasdaq: sclx, “scilex”). under the terms of the agreement, scilex is expected to receive up to 278,914,094 shares of datavault common stock at an effective purchase price of $0.5378 per share, subject to adjustment.
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