Datavault AI Inc. (DVLT): debt financing — Datavault AI raises $12M net via $13.3M senior secured convertible note offering

Datavault AI Inc.

Initial closing of $6.0M net (principal $6,666,666, 10% OID) expected August 5, 2025.
Additional $6.0M net contingent on stockholder approval; conversion price $1.00/share with alternate conversion at 80% of 20-day VWAP (floor $0.1019).
Also exchanged ~31M warrants for common shares subject to stockholder approval.
Notes are senior secured, mature after 18 months, no interest unless default (then 12%).
Company must use up to 20% of future financing proceeds to redeem notes at 105% of principal.

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 convertible notes of $6,666,666 with certain institutional investors at 12% per annum maturing 18 months from the date of issuance.

Instrument: convertible notes
Principal: $6,666,666
Counterparty: certain institutional investors
Rate: 12% per annum
Maturity: 18 months from the date of issuance
Event: incurrence

Exact text from the filing

On August 4, 2025, Datavault AI Inc., a Delaware corporation (the "Company"), entered into a Securities Purchase Agreement (the "Purchase Agreement") with certain institutional investors (the "Purchasers"), pursuant to which the Purchasers agreed to purchase from the Company in a registered direct offering, senior secured convertible notes having an aggregate principal amount of $6,666,666 (the "Initial Notes") for an aggregate purchase price of $6,000,000 and senior secured convertible notes having an aggregate principal amount of $6,666,666 (the "Additional Notes", and together with the Initial Notes, the "Notes") for an aggregate purchase price of $6,000,000 upon satisfaction of certain closing conditions applicable to the Initial Notes and Additional Notes, respectively.

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Datavault AI Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-073703

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