other material
confidence high
sentiment neutral
materiality 0.50
Datavault AI raises ~$2.5M in registered direct offering of 5.7M shares at $0.34-$0.47/share
Datavault AI Inc.
- Initial Shares: 1,470,588 at $0.34/share ($500K); Additional Shares: 4,255,319 at $0.47/share ($2M).
- Initial Closing expected Oct 29, 2025; Additional Closing subject to stockholder approval for charter amendment to increase authorized shares to 1.5B.
- Offering made under effective S-3 shelf registration (File 333-288538).
- Sullivan & Worcester LLP issued legal opinion on share validity.