other material
confidence high
sentiment neutral
materiality 0.50
Datavault AI issues 2.7M warrants to Maxim, files prospectus supplement
Datavault AI Inc.
- Issued to Maxim Group warrants to purchase up to 2,727,272 shares at $0.6325/share, five-year term.
- Agreed to pay Maxim $1.05M cash fee and retain as co-sales agent for future ATM (3% fee).
- Warrants issued to settle matters with Maxim and waive participation rights under prior equity distribution agreement.
- Filed prospectus supplement registering the Participation Warrants and underlying shares.