debt
confidence high
sentiment neutral
materiality 0.55
Datavault AI guarantees $833K bridge loan for NYIAX merger; maturity Sept 11, 2026
Datavault AI Inc.
- Loan up to $833,333 from Abri Capital to NYIAX, guaranteed by Datavault AI, with 10% OID and 13% interest.
- Maturity date September 11, 2026; mandatory prepayment within 3 days of merger closing (expected July 24, 2026).
- Proceeds used for transaction expenses, legal fees, regulatory costs, employee obligations, and working capital to complete the merger.
- Default interest rate of 18% per annum; guarantee is first-call, on-demand.
- Mandatory prepayment also triggered by any Datavault financing of $10M or more.