{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-032260","form_type":"8-K","ticker":"DVLT","cik":"0001682149","company_name":"Datavault AI Inc.","filed_at":"2025-04-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.323403+00:00","generated_at":"2026-05-23T21:10:25.497576+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Datavault AI closes $5M initial tranche of $15M secured convertible note offering with warrants","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-032260","json":"https://secwatch.observer/filing/0001104659-25-032260.json","markdown":"https://secwatch.observer/filing/0001104659-25-032260.md","text":"https://secwatch.observer/filing/0001104659-25-032260.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1682149/000110465925032260/0001104659-25-032260-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1682149/000110465925032260/tm2511578d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T21:10:25.497576+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"01fe02201f53a0fa8473a2a73271f7ee2e6d1127","claim":"Datavault AI Inc. incurred convertible notes of $5,555,555 maturing 18 months from the date of issuance.","evidence_excerpt":"senior secured convertible notes having an aggregate principal amount of $5,555,555 (the \"Initial Notes\")","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1682149/000110465925032260/0001104659-25-032260-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$5,555,555"},{"label":"Maturity","value":"18 months from the date of issuance"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}