Datavault AI closes additional $11.1M senior secured convertible note offering with warrants

Datavault AI Inc.

Additional closing of $11,111,111 principal notes at $10M purchase price; warrants for 12,897,401 shares.
Notes carry 10% OID, mature 18 months, convertible at $1.00/share or alternate price with floor $0.1794.
Warrants exercisable at $0.8615/share, expire 5 years, subject to beneficial ownership limits of 4.99/9.99%.
Company must use 30% of future financing proceeds to redeem notes at 105% of principal.
Purchasers have right to participate in up to 65% of any subsequent financing for 18 months.

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