Datavault AI Inc. (DVLT): debt financing — 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.

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 senior notes of aggregate principal amount of $11,111,111 with certain institutional investors at 10% original issue discount; no interest accrues unless an event of default occu maturing 18 months from the date of issuance.

Instrument: senior notes
Principal: aggregate principal amount of $11,111,111
Counterparty: certain institutional investors
Rate: 10% original issue discount; no interest accrues unless an event of default occu
Maturity: 18 months from the date of issuance
Event: incurrence

Exact text from the filing

principal amount of $5,555,555 (the “Initial Notes”) for an aggregate purchase price of $5,000,000 and senior secured convertible notes having an aggregate principal amount of $11,111,111 (the “Additional Notes,” and together with the Initial Notes, the “Notes”) for an aggregate purchase price of $10,000,000 and (b) in a concurrent private placement, common stock

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Datavault AI Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-050650

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