secwatch.observer — SEC 8-K summary
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Issuer:     Datavault AI Inc. (DVLT)
CIK:        0001682149
Form:       8-K
Filed at:   2025-10-01T23:59:59+00:00
Accession:  0001104659-25-095668
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682149/000110465925095668/0001104659-25-095668-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682149/000110465925095668/tm2527645d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-095668

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