debt
confidence high
sentiment neutral
materiality 0.40
Datavault AI amends $25.03M Streeterville convertible note to set $0.0632 floor price
Datavault AI Inc.
- Amendment No. 1 dated Oct 15, 2026 to convertible promissory note originally issued Aug 18, 2026 to Streeterville Capital, LLC.
- Original principal amount of the note: $25,030,000, issued under an Aug 18, 2026 securities purchase agreement.
- Amendment sets a Nasdaq Floor Price of $0.0632, equal to 20% of the Nasdaq Minimum Price before the note's issuance.
- No Fixed Price adjustment under Section 9 may reduce the Fixed Price below the $0.0632 floor, subject to split/dividend adjustments.
- All other note provisions remain unchanged and in full force and effect.