secwatch.observer — SEC 8-K summary
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Issuer:     Datavault AI Inc. (DVLT)
CIK:        0001682149
Form:       8-K
Filed at:   2026-06-29T20:03:51+00:00
Accession:  0001104659-26-078812
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682149/000110465926078812/0001104659-26-078812-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682149/000110465926078812/tm2619268d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-078812

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