secwatch.observer — SEC 8-K summary
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Issuer:     Datavault AI Inc. (DVLT)
CIK:        0001682149
Form:       8-K
Filed at:   2026-08-19T10:01:47+00:00
Accession:  0001104659-26-098494
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Datavault AI raises $25M via convertible note to Streeterville Capital; 15M pre-delivery shares
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- $25,030,000 unsecured convertible note at 8% interest, 30-month maturity; $25,000,000 purchase price plus $30,000 transaction expenses.
- 15,000,000 pre-delivery common shares issued; conversion at fixed $1.55/share, or 92% of 7-day VWAP from Jan 1, 2027.
- Reinvestment right: up to $25,000,000 additional notes over 12 months on same terms.
- Voting agreement: major stockholders to vote for approval of share issuance above Nasdaq Exchange Cap; $25M liquidated damages if they fail.
- Company seeks stockholder approval within 90 days; initial share reserve of 300,000,000 shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1682149/000110465926098494/0001104659-26-098494-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1682149/000110465926098494/tm2623556d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-098494

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