Datavault AI Inc. (DVLT): debt financing — Datavault AI closes $5M initial tranche of $15M secured convertible note offering with warrants

Datavault AI Inc.

Issued $5.56M principal senior secured convertible notes (10% OID) for $5M net proceeds; convertible at $1.00/share, floor $0.1794.
Additional $11.11M notes ($10M purchase price) conditional on stockholder approval; total potential $16.67M principal.
Warrants to purchase up to 19.3M shares at $0.8615, exercisable upon stockholder approval; 5-year term.
Notes mature 18 months, no interest unless default (12% then); secured by all assets with subsidiary guarantee.
Placement agent Maxim Group LLC receives 8% fee and exclusive right of first refusal for 30 days from Aug 22, 2025.

item 1.01 item 2.03 item 3.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Datavault AI Inc. incurred convertible notes of $5,555,555 maturing 18 months from the date of issuance.

Instrument: convertible notes
Principal: $5,555,555
Maturity: 18 months from the date of issuance
Event: incurrence

Exact text from the filing

senior secured convertible notes having an aggregate principal amount of $5,555,555 (the "Initial Notes")

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Datavault AI Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-032260

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