secwatch.observer — SEC 8-K summary
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Issuer:     Datavault AI Inc. (DVLT)
CIK:        0001682149
Form:       8-K
Filed at:   2025-11-26T23:59:59+00:00
Accession:  0001104659-25-116464
Event type: other_material
Sentiment:  negative
Materiality: 1.00
Item codes: 1.01, 2.01, 5.03, 5.07, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Datavault AI issues 263.9M shares upon exercise of pre-funded warrant; authorized shares increased to 2B
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- Purchaser Scilex paid $150M in BTC and exercised pre-funded warrant for 263,914,094 shares on Nov 25, 2025.
- Stockholders approved charter amendment increasing authorized common shares from 320M to 2B on Nov 24, 2025.
- Total outstanding shares prior to record date (Sep 26) were 186.8M; warrant shares more than double outstanding count.
- Directors elected including Nathaniel Bradley; BPM LLP ratified as auditor for fiscal year 2025.
- Approval threshold for issuance over 20% of outstanding shares passed with 60.7M for, 2.0M against.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682149/000110465925116464/0001104659-25-116464-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682149/000110465925116464/tm2532063d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-116464

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer