{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-050650","form_type":"8-K","ticker":"DVLT","cik":"0001682149","company_name":"Datavault AI Inc.","filed_at":"2025-05-20T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.324220+00:00","generated_at":"2026-05-21T00:13:14.151922+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Datavault AI closes additional $11.1M senior secured convertible note offering with warrants","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-050650","json":"https://secwatch.observer/filing/0001104659-25-050650.json","markdown":"https://secwatch.observer/filing/0001104659-25-050650.md","text":"https://secwatch.observer/filing/0001104659-25-050650.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1682149/000110465925050650/0001104659-25-050650-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1682149/000110465925050650/tm2515584d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-21T00:13:14.151922+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":"dcee494fd9cc73c3ef9b6990ab4ec5a6333a2d88","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1682149/000110465925050650/0001104659-25-050650-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"aggregate principal amount of $11,111,111"},{"label":"Counterparty","value":"certain institutional investors"},{"label":"Rate","value":"10% original issue discount; no interest accrues unless an event of default occu"},{"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"}