other material
confidence high
sentiment positive
materiality 0.85
Datavault AI announces $10M exclusive license with Scilex for biotech data tokenization; milestones up to $2.55B
Datavault AI Inc.
- Non-refundable $10M license fee payable in four equal $2.5M quarterly installments from Dec 31, 2025 through Sep 30, 2026.
- Up to $2.55B in aggregate sales milestone payments upon Scilex achieving certain net sales thresholds.
- 5% royalty on net sales of licensed products; minimum $1M annual royalty after 24 months.
- License covers worldwide exclusive rights to tokenize and monetize genomic, DNA, diagnostic, therapeutic, and drug data.