debt
confidence high
sentiment neutral
materiality 0.65
Datavault AI converts $3.2M EOS note into 10M shares at $0.32; floor price waived
Datavault AI Inc.
- EOS converted $3.2M of its $10M convertible note into 10M shares of common stock at $0.32/share.
- Conversion involves related party: CEO Nathaniel Bradley is also CEO and sole director of EOS.
- Shares issued in unregistered transaction under Section 4(a)(2) and Regulation D of the Securities Act.
- Original convertible note was entered on December 31, 2024, with $10M principal amount.
- After conversion, remaining balance on note is approximately $6.8M.
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