Datavault AI Inc. entered into a binding term sheet on April 27, 2026 for a $120 million cash contribution from Scilex Holding Company, coupled with a revenue‑participation agreement that will align Scilex’s interests with Datavault’s future earnings.
The cash infusion is structured as a non‑equity, non‑debt contribution that will be used to fund the deployment of Datavault’s quantum‑ready SanQtum GPU platform across an estimated 100 U.S. cities. Scilex will receive tiered percentages of Datavault’s gross revenues until the contribution is fully paid, with caps at $250 million and $1.2 billion, creating a long‑term partnership without diluting existing shareholders.
Datavault’s financials underscore the strategic importance of the deal. Revenue rose 1361.82% in 2025 to $39.09 million from $2.67 million in 2024, while losses increased to $78.99 million. The company reported its first profitable quarter in Q4 2025, with adjusted EBITDA exceeding $8 million, and reiterated a full‑year 2026 revenue guidance of $200 million. The $120 million contribution will help bridge the gap between current cash burn and the capital required for the planned expansion.
Scilex Holding Company, in contrast, reported a 46.5% decline in revenue to $30.25 million for the year ended December 31, 2025, and a net loss of $358.73 million, up from a $72.81 million loss the prior year. The investment provides Scilex with a revenue‑sharing stream that may offset its own financial headwinds, while giving Datavault a critical liquidity source.
CEO Nathaniel T. Bradley said, "The contribution from Scilex will be a transformative milestone for Datavault AI. It will provide the capital required to execute our vision for the quantum‑ready edge network without diluting our shareholders." He added, "The cash contribution will be used to fully fund the deployment of our quantum‑ready GPU infrastructure across an estimated 100 cities in the United States, delivering unprecedented AI, high‑performance computing, tokenized RWA processing, and secure government and enterprise services nationwide."
The partnership positions Datavault to accelerate its deployment of 48,000 Nvidia GPUs, valued at $1.2 billion, across 100 cities by the end of 2026. The revenue‑participation structure aligns Scilex’s upside with Datavaut’s success, while the cash injection removes the need for additional equity or debt, preserving shareholder value and enabling the company to pursue its $200 million revenue target for 2026.
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