Datavault AI agrees to sell 837 BTC to Scilex for $50M under binding term sheet

Datavault AI Inc.

Scilex to purchase 837 Bitcoin held by Datavault for $50 million total.
Initial payment of $30 million; remaining $20 million in quarterly installments through Dec 31, 2028.
Payment may be made in cash, Scilex common stock, or subsidiary securities at Scilex's option.
Transaction subject to negotiation of definitive agreement, board approvals, and customary conditions.
No assurance the proposed transaction will be consummated on the described terms or at all.

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