Datavault AI closes additional $6.67M senior secured convertible notes offering

Datavault AI Inc.

Additional Closing on Sept 30, 2025 for $6.67M principal Additional Notes at 10% OID.
Notes mature 18 months from issuance; no interest accrues unless default (then 12% p.a.).
Convertible at initial $1.00/share or alternate price (floor $0.1019); 4.99/9.99% ownership limits.
Notes are senior secured; guaranteed by subsidiary; proceeds from prior financings may trigger 105% redemption.
Issued under August 4, 2025 Securities Purchase Agreement with institutional investors.

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 institutional investors at 10% original issue discount; 12% per annum upon an event of default maturing 18 months from the date of issuance.

Instrument: senior notes
Principal: $6,666,666
Counterparty: institutional investors
Rate: 10% original issue discount; 12% per annum upon an event of default
Maturity: 18 months from the date of issuance
Event: incurrence

Exact text from the filing

the Purchasers agreed to purchase from the Company in a registered direct offering (the “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

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Source: SEC EDGAR

accession 0001104659-25-095668

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