Datavault AI signs $120M revenue-sharing deal with Scilex to fund 100-city GPU network

Datavault AI Inc.

Scilex to provide $120M cash in multiple closings by Dec 31, 2026 for Quantum-Ready Edge Network buildout.
Revenue participation: 30% of network gross revenues up to $250M, then 15% up to $1.2B, then 5% perpetuity.
Deployment targets: 25 cities within 12 months, 50 within 24 months, full 100-city coverage within 36 months of closing.
Combined with BTC/receivable collections, Datavault projects $200M+ cash infusion with no equity dilution.
Company already holds Nvidia GPUs with current market value of $1.2B to support the network rollout.

item 1.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Datavault AI Inc. entered into Term Sheet with Scilex Holding Company valued at $120,000,000 (effective 2026-04-26).

Action: entry
Counterparty: Scilex Holding Company
Value: $120,000,000
Effective: 2026-04-26

Exact text from the filing

On April 26, 2026, Datavault AI Inc. (the “Company”) and Scilex Holding Company (“Scilex”) entered into a binding term sheet (the “Term Sheet”), which sets forth the principal terms and conditions of a proposed cash contribution and revenue participation arrangement between the Company and Scilex (the “Proposed Transaction”).

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Datavault AI Inc. filing history →

Source: SEC EDGAR

accession 0001104659-26-050299

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