secwatch.observer — SEC 8-K summary
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Issuer:     Datavault AI Inc. (DVLT)
CIK:        0001682149
Form:       8-K
Filed at:   2025-05-20T23:59:59+00:00
Accession:  0001104659-25-050650
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682149/000110465925050650/0001104659-25-050650-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682149/000110465925050650/tm2515584d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-050650

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