Datavault AI Inc. (DVLT): debt financing — Datavault AI closes initial $6M tranche of senior secured convertible notes; amends prior notes

Datavault AI Inc.

Initial closing of $6.0M purchase price for $6.67M principal senior secured convertible notes (10% OID) on Aug 6, 2025.
Additional $6.0M purchase price for $6.67M notes contingent on stockholder approval; warrants for ~31M shares exchanged for common stock.
Notes convertible at $1.00/share or alternate conversion price at 80% of lowest 20-day VWAP, floor $0.1019; 4.99/9.99% beneficial ownership limits.
Prior notes (April/May 2025) amended to lower alternate conversion price from 90% of 10-day VWAP to 80% of 20-day VWAP.
Placement agent Maxim Group LLC received 8% fee; proceeds from the offering used for general corporate purposes.

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 $6,666,666 with certain institutional investors at 10% original issue discount maturing 18 months from the date of issuance.

Instrument: senior notes
Principal: $6,666,666
Counterparty: certain institutional investors
Rate: 10% original issue discount
Maturity: 18 months from the date of issuance
Event: incurrence

Exact text from the filing

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

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Datavault AI Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-076862

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