secwatch.observer — SEC 8-K summary
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Issuer:     Datavault AI Inc. (DVLT)
CIK:        0001682149
Form:       8-K
Filed at:   2026-04-28T23:59:59+00:00
Accession:  0001104659-26-050299
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682149/000110465926050299/0001104659-26-050299-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682149/000110465926050299/tm2612878d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-050299

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