Datavault AI Inc. entered into a definitive agreement to sell 109,090,910 shares of its common stock in a registered direct offering, expected to raise $60 million in gross proceeds. The shares are priced at $0.55 each, a 25% discount to the previous day’s closing price of $0.74, and the transaction is structured to avoid a public market placement.
The proceeds will fund the deployment of the company’s quantum‑ready GPU edge network, including infrastructure build‑out and equipment purchases, as well as working capital and general corporate purposes. The financing provides liquidity to support expansion plans and address the company’s cash position.
Datavault AI has faced liquidity pressures, trading below Nasdaq’s $1 minimum bid price requirement since January 12, 2026, and received a non‑compliance notice with a deadline of August 24, 2026. The capital raise is intended to help the company regain compliance and strengthen its balance sheet.
The company reported a 1,362% revenue increase over the last twelve months and a 78% gross profit margin, and it achieved its first GAAP profitable quarter in Q4 2025 with adjusted EBITDA exceeding $8 million. A recent $120 million cash contribution from Scilex Holding Company also bolstered its financial position.
CEO Nathaniel T. Bradley said, "This financing marks an important step in the deployment of our quantum‑ready GPU edge network. With this capital, we expect to be able to position Datavault AI to capture growing demand for AI infrastructure, enabling us to potentially scale our footprint across key markets, while supporting our broader strategy of building a scalable, revenue‑generating platform." He also noted that the partnership with King Mining Capital represents "the most fully integrated RWA structure Datavault AI has executed to date."
Investors reacted negatively to the announcement, citing the 25% discount and the large number of shares being sold, which raise concerns about dilution and the company’s short‑term liquidity needs.
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