{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-073703","form_type":"8-K","ticker":"DVLT","cik":"0001682149","company_name":"Datavault AI Inc.","filed_at":"2025-08-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.630620+00:00","generated_at":"2026-05-17T21:29:33.752562+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Datavault AI raises $12M net via $13.3M senior secured convertible note offering","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-073703","json":"https://secwatch.observer/filing/0001104659-25-073703.json","markdown":"https://secwatch.observer/filing/0001104659-25-073703.md","text":"https://secwatch.observer/filing/0001104659-25-073703.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1682149/000110465925073703/0001104659-25-073703-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1682149/000110465925073703/tm2522493d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T21:29:33.752562+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":"a6885aee031f1059a202798c35260e389e0e715c","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1682149/000110465925073703/0001104659-25-073703-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$6,666,666"},{"label":"Counterparty","value":"certain institutional investors"},{"label":"Rate","value":"12% per annum"},{"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"}