secwatch.observer — SEC 8-K summary
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Issuer:     Datavault AI Inc. (DVLT)
CIK:        0001682149
Form:       8-K
Filed at:   2024-03-18T23:59:59+00:00
Accession:  0001104659-24-035613
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.07
LLM model:  deepseek-v4-flash:cloud@v2

Shareholders approve increase in authorized shares and reverse stock split range at special meeting
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- Authorized shares increased from 220M to 320M; votes: 24.3M for, 3.5M against.
- Reverse stock split ratio of 1:5 to 1:150 approved (28.1M for, 5.5M against).
- Issuance of shares upon exercise of October 2023 and January 2024 warrants approved.
- LTIP annual share limit raised from 8% to 15% of outstanding for FY2024.
- Proposal 3 (board bylaw amendment power) adjourned to March 29, 2024 for more proxies.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682149/000110465924035613/0001104659-24-035613-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682149/000110465924035613/tm249152d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-035613

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer